Naira

Business & Economy

Naira hits N860 at black market, a blow to moves to unify exchange rates

Olawale Afolabi -
The naira fell to its lowest on the parallel market on Wednesday, trading at...
In Focus

Naira trades below N810 on official market, weaker than black market

Plu Team -
Nigeria’s naira traded weaker on the official market than the black market on Thursday,...
Business & Economy

Naira’s rapid fall prompts CBN intervention

Plu Team -
The Central Bank of Nigeria is intervening to prevent the naira from falling more...
Business & Economy

Naira touches record lows on spot and forwards market

Plu Team -
The naira closed at another record low against the dollar Thursday at both spot...
Companies

Airtel says 1% naira devaluation will cost it $22 million in revenue

Plu Team -
Airtel Africa Plc says a sensitivity analysis has shown that a 1% devaluation of...
Business & Economy

Naira: CBN says more action coming in “weeks”

Plu Team -
The Central Bank of Nigeria (CBN) plans to announce further measures to loosen foreign...
Business & Economy

Naira official rate closes lowest since float

Plu Team -
The naira closed Monday at its lowest rate to the dollar since the Central...
Business & Economy

Black market struggles after Naira’s big drop on official market

Plu Team -
The naira fell 36% on Wednesday, the most in seven years, after the Central...
Business & Economy

CBN denies devaluing Naira. It denied previous devaluations too

Plu Team -
The Central Bank of Nigeria has denied devaluing the naira in a fresh attempt...
Business & Economy

Naira drops to six-month low at parallel market

Plu Team -
The naira fell to N780 a dollar at the parallel market on Friday, trading...
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