Tag: Naira
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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...
Naira: CBN says more action coming in “weeks”
The Central Bank of Nigeria (CBN) plans to announce further measures to loosen foreign exchange controls "in the next couple of weeks," Deputy Governor...
Naira official rate closes lowest since float
The naira closed Monday at its lowest rate to the dollar since the Central Bank of Nigeria removed controls and allowed the currency to...
Black market struggles after Naira’s big drop on official market
The naira fell 36% on Wednesday, the most in seven years, after the Central Bank of Nigeria removed controls and allowed the currency to...
CBN denies devaluing Naira. It denied previous devaluations too
The Central Bank of Nigeria has denied devaluing the naira in a fresh attempt to unify the exchange rate.
The bank said a report by...