Amid persistent foreign exchange fluctuation, Nigeria’s foreign exchange reserves have fallen by $1.6 billion to $32.97 billion since the Central Bank of...
Tag - Devaluation
Former presidential aide, Reno Omokri has said that the present devaluation of naira is healthy for the Nigerian economy. Omokri opined that the devaluation...
Nigerian newspaper, Daily Trust, has knocked the Central Bank of Nigeria (CBN) for denying its cover page story of Thursday, June 1, 2023. Naija News recalls...
The Central Bank of Nigeria (CBN) has denied a media report that it has devalued the naira to N631 per dollar at the Importers and Exporters (I&E) window...
The Bank of America has revealed that Nigeria’s local currency unit, Naira is set to weaken further next year as its current exchange rate to the dollar is...
There are indications the Federal Government plans to submit a supplementary budget due to a further weakening of the naira and soaring inflation, which have...
