Nairametrics – Destination for Business news and analysis from …
WEBDestination for Business news, financial literacy, economy, and analysis from Africa's largest economy and Nigeria news.
End to Nigeria currency peg causes biggest fall in naira’s history
WEBJun 14, 2023 · Nigeria has abandoned its years-long currency peg and allowed the naira to trade freely, traders and local bankers said, prompting the biggest single-day fall in its history.
Nigeria’s Naira Hits Fresh Low Against Dollar Despite Rate Hike
WEB1 day ago · Nigeria’s 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 allows currency to drop third of value on official market
WEBJun 14, 2023 · Nigeria’s central bank allowed the naira currency to drop as much as 36 percent on the official market on Wednesday, days after President Bola Tinubu suspended the central bank governor who ...
Nigeria allows naira to drop more than 36% on official market
WEBJun 14, 2023 · Nigeria's central bank allowed the naira currency to drop as much as 36% on the official market on Wednesday, days after President Bola Tinubu suspended the central bank governor who oversaw...
Nigeria’s currency has fallen to a record low ... - Associated Press News
WEBFeb 17, 2024 · Nigerians are facing one of the West African nation’s worst economic crises in as many years triggered by a surging inflation rate which follows monetary policies that have dipped the local currency to an all-time low against the dollar, provoking anger and protests across the country.
Naira Reverses Gains as Outlook Dims on Declining Dollar Inflows
WEBMay 10, 2024 · Nigeria’s naira has reversed recent gains and is now the world’s worst performing currency in the last month, increasing pressure on the central bank to keep raising interest rates.
Nigeria's naira crisis: Supreme Court suspends banknote deadline - BBC
WEBFeb 8, 2023 · Nigeria's Supreme Court has temporarily suspended Friday's deadline to stop using old banknotes, which had caused a cash crisis in the country. Banks have not been releasing enough of the new...
Nigeria’s naira rebounds sharply after bumper interest rate rises
WEBApr 25, 2024 · The Nigerian naira has reversed recent losses to become the world’s best-performing currency in recent weeks, lifted by two huge interest rate rises. The currency, which hit a record low against...
Why Nigeria’s Naira Currency (NGN USD) Slumped and Why It …
WEBSep 13, 2024 · With its oil wealth, Nigeria should be awash with foreign currency. But years of economic mismanagement have left the country with a debilitating shortage of dollars.