Naira drops to N387.65 per dollar, as crude oil prices plunge to $27
Nigeria's currency is expected to have little price swings in the coming weeks, as the lockdown aggravates dollar shortages.
Tag: currency stability
Naira gains on the dollar for the first time since March
Interestingly, the dollar fell significantly against most major currencies on Tuesday, amid concerns that the currency had surged too quickly ...
Dollar to sell for N360, ABCON insists
Association of Bureau De Change Operators of Nigeria has given assurances to the public of continued sale of dollars at the official price
Devaluation is here as CBN sells dollars at N380/USD
The Central Bank of Nigeria (CBN) has reportedly devalued the Naira. Nairametrics found from a reliable source that the CBN ...
Why the strong dollar is giving Nigeria headache
Investors are fleeing emerging markets in record numbers and piling into the safe-haven greenback with two emergency interest-rate cuts this ...
Naira and the exchange rates
In exchange rate, when Nigeria sells oil, she is paid in dollars, but when Nigeria imports, she spends those dollars ...
Nigeria’s currency stability persists at the expense of external reserves
The reserves, which stood at $47.79 billion as at July 5, dropped to $45.23 billion as at September 13.
