Nigeria’s foreign debt has breached a 15-year trigger
Nigeria’s external debt hits a 16 year high of $27 billion in December 2019 just higher than the $20.8 billion ...
Tag: Naira Devaluation
News and stories about Naira Devaluation
Naira under pressure as Nigeria records poor export earnings
The naira is expected to be under intense pressure from the dollar starting next week, no thanks to Nigeria's poor ...
Nigerian Stocks record worst quarterly drop since 2009
This could be a sign of what is to happen to the economy this year.
Nigerian banks broadly positive after Naira devaluation
The CBN recently adjusted the rate in the Investors and Exporters Foreign exchange window to N380/USD from the N364 to N370.
Another crushing recession ‘is coming’
Brace up; The effect of the oil price war between Saudi Arabia and Russia as well as Covid-19 virus is ...
Banks’ assets under strain after naira depreciation
According to Moody’s Investors Services, the depreciation in Naira will put a strain on the assets of Nigerian banks struggling to ...
Naira falls to N515 in forward market
Nigeria's one-year currency forward posted its biggest drop in more than a decade yesterday as the ASI Index fell to ...
Official: CBN says N360/$1 not devaluation but “adjustment of price”
Governor, Godwin Emefiele clarifies the supposed devaluation of Naira. Says it is an adjustment of price and not a devaluation ...
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.
Devaluation’s drum beats louder
Africa’s biggest economy is again reacting to this crisis the same way it did in the past as she failed ...
