naira depreciation
Nigerian Agency Gets Nod to Freeze $330,000 in Crypto Users’ Bank Accounts
A Nigerian anti-corruption agency froze bank accounts (over $330,000)… More…
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Nigerian Firms Forecast Further Naira Depreciation
A recent Central Bank of Nigeria survey reveals that Nigerian businesses… More…
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Nigeria Acts to Defend Naira After Currency Hits New Record Low
The Central Bank of Nigeria recently sold U.S. dollars to Bureaux… More…
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Nigeria’s Naira Rated Worst-Performing Currency in H1 of 2024; Kenyan Shilling Named Best Performer
In the first half of 2024, the Nigerian currency depreciated by nearly… More…
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Crypto enthusiasts warn against naira trade ban on exchanges
Due to the rapid decline of the naira and the resulting almost three-decade-high… More…
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Nigerian Central Bank Refutes Claims It Plans to Redenominate the Naira in 2024
The Nigerian Central Bank has denied claims in a widely circulating… More…
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Report: Nigerian Central Bank Sued for Dollarizing Economy
In a lawsuit filed by a Nigerian human rights activist, the country’s… More…
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Nigerian Currency Plunges to New Low, Central Bank Says the Naira Is Undervalued
The Nigerian currency continued its slide versus the greenback when… More…
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Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges
The exchange rate of the Nigerian currency versus the greenback recently… More…
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Nigeria Announces New Cash Withdrawal Restrictions — ATMs Limited to Less Than $44 per Day
In a new directive to financial institutions, the Central Bank of … More…
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