Naira Devaluation: How Nigerians are reacting to exchange rate unification

The Central Bank of Nigeria (CBN) in an official statement has announced the unification of all segments of the forex ...

The high cost of defending naira against the dollar

Relationship between inflation and the unending devaluation of the Naira

by Analysts Nairametrics

November 26, 2021

Backstory Across every stakeholder spectrum in the Nigerian economy (i.e. investors, consumers, policymakers or economic observers), one persistent recurring topic ...

Naira on trial: Is devaluation the way out? 

by Ubah Jeremiah Ifeanyi

October 20, 2021

The topic of devaluation is one that never quite goes away in Nigeria as the nation’s currency is frequently locked ...

CBN forex restrictions on food itemsCBN approves new cheque standard for banks, Banks complex documentation makes it harder to access foreign exchange for Nigerians

CBN removes N379/$1 exchange rate from website

by Chike Olisah

May 14, 2021

Anyone conducting business involving forex in Nigeria will have to quote the prevailing NAFEX exchange rate as the official exchange ...

Dollar, Exchange rate, FOREX, NAFEX market turnover drop by 59%, Naira crashes to N470/$1 as currency uncertainty worsens

Exchange rate falls across the forex markets as CBN devalues the naira

by Chike Olisah

August 10, 2020

Naira depreciated against the dollar at the Investors and Exporters (I&E) window.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Implications of CBN’s latest devaluation and FX unification

by Nairametrics

August 10, 2020

This move portends significant implications for Nigeria's public and private sector.

What I’ll do if I was CBN Governor – Experts

by Olumide Adesina

May 11, 2020

“As a nation, we cannot afford to continue relying on the world for our food, education, and healthcare.” said Godwin Emefiele.

Naira scarcity: CBN, Police to prosecute sellers and abusers of Naira

Naira depreciates at 5 years forwards market, now N570 to $1

by Olumide Adesina

May 7, 2020

Nigeria’s 5 years onshore Non-Deliverable forward contract posted its biggest drop by plunging 27% from N413.36 to close at N569.69.

Top 10 Nigerian banks by Account Maintenance Income

COMMENTARY: Moody’s changes outlook on Nigerian banking sector to negative

by CSL Stockbrokers

April 30, 2020

The outbreak of COVID-19 and the sharp downturn in crude oil prices have continued to stoke fears of a further ...

COVID-19 could save naira from depreciating further, Many odds against the naira, Naira forwards and parallel market crash puts pressure on official exchange rate, Naira appreciates to N386.94 to $1 at investor and exporters window. , Naira set for recovery as ABCON issues guideline to members for forex sales resumption, Naira falls against the Euro, British pound sterling but gains against the U.S dollar, Naira falls at black market, dollar liquidity remains relatively low , Forex, Naira drops further at the black market despite appreciating at I&E window

Naira drops to N460/$1 in parallel market, puts pressure on official exchange rate

by Chike Olisah

April 28, 2020

The consistent slide of the naira in the parallel market is a pointer to the fact that CBN may further ...

Tag: Naira Devaluation