Tag: Naira
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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...
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...