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naira devaluation

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Jul 21 2023

Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges

Africa Bola Ahmed Tinubu Bureaux de Change Central Bank of Nigeria naira depreciation naira devaluation naira parallel market US dollars
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The exchange rate of the Nigerian currency versus the greenback recently… More…

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Jul 19 2023

Nigeria Declares Food Emergency After Sixth Consecutive Increase in Inflation Rate

Bola Ahmed Tinubu Economics inflation naira devaluation National Bureau of Statistics Nigeria fuel subsidy
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The Nigerian government declared a food price emergency after the… More…

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Jun 18 2023

Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules

Africa Central Bank of Nigeria (CBN) Act Foreign exchange Godwin Emefiele naira devaluation naira exchange rate
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The Nigerian currency’s official exchange rate versus the… More…

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Nov 20 2022

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

Central Bank of Nigeria (CBN) e-naira Economics Exchange rate financial inclusion IMF Monetary Policy naira devaluation Nigeria inflation unbanked population
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According to the International Monetary Fund (IMF)’s mission… More…

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