Tag: Naira
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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...
Naira’s rapid fall prompts CBN intervention
The Central Bank of Nigeria is intervening to prevent the naira from falling more rapidly a month after the government eased controls for the...
Naira touches record lows on spot and forwards market
The naira closed at another record low against the dollar Thursday at both spot and forwards markets as the currency’s volatility continues after the...
Airtel says 1% naira devaluation will cost it $22 million in revenue
Airtel Africa Plc says a sensitivity analysis has shown that a 1% devaluation of the naira will result in a $22 million drop in...