Tag: Naira
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Naira tumbles past 1,500 to dollar – first time in 2 months
The Naira extended its latest decline Tuesday, tumbling below N1500 on the parallel market for the first time in two months and dimming hopes...
Dangote says devaluation of naira “biggest mess” of 2023
Nigerian billionaire Aliko Dangote has blamed the Nigerian government's devaluation of the naira for his company's woes in 2023, calling it the “biggest mess”...
Naira tumbles after brief rally as Nigeria dollar supply falls
The naira weakened Tuesday for a third straight day after a brief period of strength that saw it become the world's best-performing currency.
The currency...
CBN expected to raise interest rate further as naira strengthens
The Central Bank of Nigeria will announce its latest interest rate decision today, a month after delivering a huge increase of 4 percentage points...
As naira gains, Nigerians promptly ask: When will prices drop?
A surge in the value of the naira has sparked a wave of optimism and a pointed question from Nigerian consumers: when will this...