Naira devaluation – Page 2 of 2 – Prime Business Africa

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

Dollar Rate Falls, As Naira Faces Devaluation Pressure

FMDQ Exchange, the platform that tracks the official foreign exchange (Forex) rate between the Naira and the Dollar has disclosed that the forex rate fell to N463.25/$1 on Thursday, 6 April 2023.

Fakoyejo Olalekan

1 year ago

Business

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

KPMG Nigeria has stated that Naira faces further devaluation, as foreign investors reduce their investment interests in Nigeria, the largest economy in Africa. In the fourth quarter (Q4) of 2022, foreign capital

Fakoyejo Olalekan

1 year ago

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

Business·Currency

Naira Faces Biggest Devaluation, Loses To Dollar, Others

In the Investors and Exporters window of the official market, the exchange rate between the naira and the dollar depreciated by 0.05 per cent or N0.25 kobo on Friday, 20 January 2023.

Fakoyejo Olalekan

1 year ago

Obi, Atiku, Tinubu's Economic Plans To Create Highest Naira Devaluation

Business·Insights

Obi, Atiku, Tinubu’s Economic Plans Still Prone To Naira Devaluation

Next year, Nigeria’s currency, the Naira, will record its highest devaluation in recent years, ushering the country into a single foreign exchange market after years of operating a multiple exchange rate regime.

Fakoyejo Olalekan

1 year ago

Governor of Nigerias Central Bank Godwin Emefiele

Editorial

EDITORIAL: How To Save The Naira

As Nigeria’s monetary policy managers, the Central Bank of Nigeria (CBN), through its highest decision-making organ, the Monetary Policy Committee (MPC), holds its 287th meeting on Monday, September 26, and Tuesday September

Prime Business Africa Editorial

2 years ago

Business·Latest News·Top Stories

Dollar May Hit N1,000; Naira Devaluation Looms

Many an analyst have predicted that the dollar will unofficially hit the dreaded 1000 naira mark at the parallel market by the end of the year unless monetary policy managers – The

Uduegbunam Chukwujama

2 years ago

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Naira devaluation - Page 2

Dollar Rate Falls, As Naira Faces Devaluation Pressure

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Naira Faces Biggest Devaluation, Loses To Dollar, Others

Obi, Atiku, Tinubu’s Economic Plans Still Prone To Naira Devaluation

EDITORIAL: How To Save The Naira

Dollar May Hit N1,000; Naira Devaluation Looms

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