Tag: Naira
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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...
Naira trades below N810 on official market, weaker than black market
Nigeria’s naira traded weaker on the official market than the black market on Thursday, with the official I&E rate falling to 812 to a...