Tag: Naira
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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...
Naira drops to six-month low at parallel market
The naira fell to N780 a dollar at the parallel market on Friday, trading at its lowest rate in at least nearly seven months.
The...
Scorecard is out: CBN’s naira redesign weakened Nigerian economy
The Central Bank of Nigeria-induced naira crunch between January and March weighed down on the economy leading to a decline in growth, the National...
CBN says it has ‘good quantity’ of scarce new naira notes
The Central Bank of Nigeria says it has continued to take delivery of redesigned naira notes even when the bills are hard to come...