Naira overvalued by 200%, may be devalued – Rewane
The Nigerian currency is over-valued by 200 percent and the Investors and Exporters (I&E) foreign exchange window rate may be devalued next month, Bismarck Rewane, managing director of…
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Naira
Naira closes unchanged as dollar liquidity drop
On Friday, the nation’s currency, the naira, closed unchanged at N428.12/$, following a drop in dollar liquidity at the Investors and Exporters (I&E) forex window, Nigeria’s official…
Naira up despite 10.95% drop in liquidity at official market
Naira, Nigeria’s currency on Thursday appreciated by 0.25 percent despite a drop in liquidity at the official foreign exchange market, known as the Investors and Exporters (I&E) forex…
Naira to stabilise on higher interest rate – CBN official
Naira, Nigeria's legal tender, is expected to stabilize in the short to medium term and subsequently, in the long run, an official of the Central Bank of Nigeria (CBN) said on Tuesday.
To…
Naira slips to record-low as politics worsen FX woes
Nigeria’s naira fell further against the dollar to its lowest level ever at the parallel market on Friday, complicating the Central Bank’s efforts to rein in the rapid rise in the price of…