Naira weakens against the dollar by 1.14% amid market uncertainty
The reopening of the economy is expected to put additional pressure on the naira as more businesses try to meet ...
The reopening of the economy is expected to put additional pressure on the naira as more businesses try to meet ...
It should be noted that Nigeria’s external reserves went on a downward slide last year, having lost $11.75 billion within a space of 10 months.
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has warned firms and individuals against patronizing the parallel market, popularly called ...
Information obtained from Abokifx shows that the local currency depreciated to N437 to a dollar on Wednesday, May 6, 2020, ...
Currency traders are expecting the naira to fall slightly today, due to the maturing $1.52 billion April 29 contract.
Nigeria's currency continued to depreciate at the forward market, as worries strengthened that the CBN might have to devalue the naira again.
Even with the coronavirus pandemic having devastating impacts across the global market and wiping out trillions of dollars of assets, ...
As the country’s external reserve faces more pressure, foreign investors have been held down in Nigeria’s debt market.
The downward slide of the naira in the parallel market appears to be continuing unabated as the slump in crude oil prices
Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion within the last 3 months.
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