Tag: Naira
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CBN’s big rate hike hasn’t helped the naira just yet. Here’s why
After months of waiting, the Central Bank of Nigeria on Tuesday delivered what Bloomberg termed as a "jumbo rate hike" in its boldest move...
Binance executives detained in Nigeria after flying in for talks
Two top executives at Binance were detained in Nigeria on Wednesday as the country steps up its crackdown on currency speculation it blames in...
CBN announces huge interest rate hike in response to naira crisis
The Central Bank of Nigeria (CBN) has announced a significant 400 basis point increase in its benchmark interest rate, raising it from 18.75% to...
Stocks, naira down. What worsening economy means for Nigerians
Nigeria's economic woes intensified on Monday, with both the naira and stock markets experiencing significant setbacks.
The naira hit record lows on both official and...
Naira hits new low of 1,650 per dollar in intraday trading
The naira fell to another record low of 1,650 to the dollar in intraday trading on the official market on Monday, Reuters reported.
The currency...