Rising global inflation rate, growth in US Economy could trigger further depreciation of the naira
Russia’s Central Bank recently laid out a recipe for what could trigger the next financial crisis for emerging countries like ...
Tag: Naira depreciation
Naira weakens across forex markets despite significant rise in dollar supply by 81%
Friday, 6th August 2021: The exchange rate between the naira and the US dollar closed at N411.50/$1 at the official Investors and ...
Fund managers offer dollar mutual funds as hedge against inflation, naira depreciation
Fund managers are taking advantage of the rising demand for dollar-based investments to sell dollar-based mutual funds targeted at retail ...
Naira falls at black market as CBN formally adjusts official rate
Naira depreciated against the US dollar on Tuesday at the official NAFEX window to close at N411.56 to a dollar.
DEVALUATION: CBN updates website to official rate of N360/$1
The central bank of Nigeria has devalued its official exchange rate from N307/$1 to N360/$1.
Three reasons why the naira is depreciating
The exchange rate between the naira and dollar depreciated to N364/$1 on Friday from N363.50/$1 as the price of oil ...
