Tag: FX rates
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AfDB Backs Nigeria’s FX Rates Unification
AfDB Backs Nigeria’s FX Rates UnificationAfrican Development Bank (AfDB) on Monday in Abuja commended President Bola Tinubu’s administration for unifying the naira exchange rate...
Naira Depreciates at Investors, Exporters FX Window
Nigerian naira continues its rough ride in the New Year as the local currency depreciates to N461.67 ...
Naira Plunged despite Foreign Currency Intervention Sales
Naira Plunged despite Foreign Currency Intervention Sales
Naira plunged this week despite the Central Bank of Nigeria’s (CBN) foreign currency intervention sales.Pressures on the naira...
CBN technically devalues Naira, sets rate at ₦380 per dollar
CBN technically devalues Naira, sets rate at ₦380 per dollar. The Central Bank of Nigeria sold naira at ₦380 per dollar to deposits money banks on Friday, the move that analysts said that may end multi-tiered exchange rate regime.
