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Nigeria's Naira Hits Fresh Low Against Dollar
Nigeriaโs Naira Hits Fresh Low Against Dollar Despite Rate Hike
Nigeriaโs naira fell to a fresh low against the dollar, shrugging off on a surprise interest-rate increase amid ongoing local scarcity of the US currency.
Nigeria's central bank surprises with fifth rate hike this year
Nigeria's central bank unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% on Tuesday in a unanimous decision to tame persistent inflationary pressures, bank governor Olayemi Cardoso said.
Nigeriaโs Central Bank Surprises Markets with Fifth Rate Hike
Nigeria's central bank has once again raised its benchmark lending rate by 50 basis points to 27.25%, marking its fifth rate hike this year. The move, which surprised analysts, aims to combat persistent inflation.
Daily Post Nigeria on MSN
23h
Naira crisis: CBN sells $20,000 to BDCs at N1590 per dollar exchange rate
The Central Bank of Nigeria said it has sold foreign exchange worth $20,000 to eligible Bureau De Change operators at N1590 ...
The Punch Newspapers
7h
Naira declines by 8.2% amid dollar shortage
Nigeriaโs naira has continued its downward slide, falling to a new low of N1,677 per dollar at the official close on ...
Vanguard
3h
Naira rises to N1,675 in parallel market
As NAFEM turnover rises 232% By Elizabeth Adegbesan The Naira yesterday appreciated to N1,675 per dollar in the parallel ...
Daily Post Nigeria on MSN
1d
Naira: Why FAAC releases worsen FX pressures โ CBN Governor, Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso has explained that monthly revenue releases by the Federal ...
Nairametrics
20h
Naira closes at N1,667.42 in I&E window on September 25
The Nigerian naira continued its slide against the US dollar, closing at N1,667.42 in the official Investor and Exporter (I&E ...
TheCable
15h
Presidency: Tinubu will seek nโassembly approval for NPA, NIMASA to charge in naira
The federal government is proposing the collection of charges, fines and others, by NIMASA and NPA, be in naira rather than ...
legit
5h
Nigerian Fintech Shuts Down Virtual Card as New Naira Rate Worries Nigerians
In an email to users, Risevest explained that the suspension was caused by problems with the card issuers, erratic exchange ...
Nairametrics
18h
FG proposes NIMASA, NPA to collect fees and charges in Naira rather than Dollars
The federal government is proposing that the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian ...
LEADERSHIP Newspaper
1d
Stabilisation Bill Aims To Strengthen Naira Against Dollar โ Presidency
The presidency is pressing ahead with efforts to strengthen the naira against the dollar, with a proposed Economic ...
legit
22h
CBN Adjusts FX For Banks, Currency Traders, Others as Naira Sets New Records in Official Window
The Nigerian currency, the naira has plummeted to an all-time low in the official market and a seven-month low in the ...
BBC
22h
Why Nigeria goment increase NYSC 'alawee' to 77,000 naira
Nigeria goment don approve 77,000
naira
($47) monthly allowance for National Youth Service Corps (NYSC) members. Di monthly ...
Daily Post Nigeria on MSN
10h
Naira appreciates after CBN intervention
The naira appreciated massively against the dollar in the foreign exchange market 24 hours after the Federal Bank of Nigeria ...
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