CBN naira devaluation

Naira Depreciates To N1,533/$1 At Official Rate Amidst Market Turbulence

Naira Devaluation Shrinks Nigeria’s GDP By $193bn

The recent devaluation of the Naira has shaved about $193 billion off Nigeria’s gross domestic product (GDP) when converted from naira to dollar. This fact was thrown up by an analysis of

Victor Ezejaand

Admin

6 months ago

Business·Currency

Naira Falls To N847/$ Official Exchange Rate

The official exchange rate witnessed a sharp decline, with the naira weakening to N847 against the dollar, marking a 6.93% drop from yesterday’s rate of N793. Data sourced from the official NAFEM

Bisina Somto

7 months ago

Finance & Economy

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

The persisting foreign exchange crisis in Nigeria which has seen the naira fall to a record low, especially in recent time, will continue unless the country comes up with an effective strategy

Victor Ezeja

9 months ago

Naira Appreciates To N874 In Official Market Amid $2.25bn FX Support

Business·Markets

Naira Now Undervalued – Bank Of America

Following the floating of the naira in the foreign exchange market, the Bank of America (BoA) says the local currency has moved from being overvalued to undervalued. The American multinational investment bank

Victor Ezeja

11 months ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business

Updated: Naira Devaluation Fake News – CBN Denies Increasing Dollar Rate To N631

The Central Bank of Nigeria (CBN) has denied a report that the naira has been devalued after a media outlet reported that the official dollar rate had been increased to N631. A

Fakoyejo Olalekan

12 months ago

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Naira Devaluation Shrinks Nigeria’s GDP By $193bn

Naira Falls To N847/$ Official Exchange Rate

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

Naira Now Undervalued – Bank Of America

Updated: Naira Devaluation Fake News – CBN Denies Increasing Dollar Rate To N631

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