Tag: Naira
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Naira tumbles to N900 after brief recovery
The naira is on a downward spiral again after government’s intervention handed the currency a breather for about a week.
The currency fell to N900...
Naira could take 18 months to stabilize after reforms, IMF says
Stabilizing Nigeria's economy and the naira exchange rate could take up to 18 months after recent reforms, the International Monetary Fund says, warning that...
Nigeria currency traders want Binance banned
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Nigerian government to ban the cryptocurrency exchange Binance from operating in...
Naira down to record low on black market
The Nigerian naira plummeted to an all-time low on the black market on Friday, driven by a surge in demand for dollars from people...
Naira hits N860 at black market, a blow to moves to unify exchange rates
The naira fell to its lowest on the parallel market on Wednesday, trading at 860 to the dollar, and once again widening the gap...