Tag: Naira
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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...
Dollar falls after U.S. inflation report
The U.S. dollar experienced a sharp drop in value on Wednesday after the release of data showing that consumer prices in March rose less...
Naira drops to record low on official market
Naira plunged to a new low against the United States dollar on Monday on the official market, according to data from the central bank-backed...