Tag
NAIRA
The exchange rate between the naira and dollar at the black market has depreciated by about 50% since the CBN banned dollar sale dollars to bureau de change operators
The main plan of action should be how to protect your finances from inflation-related devaluation
This is according to information from black market operators interviewed by Nairametrics
The depreciation of the naira has been attributed to increased demand for the dollar amidst continuous shortages
Approximately 5% of the Nigerian foreign exchange market is accounted for by the parallel market, which is often the scene of corruption and bribes
The exchange rate between the naira and the US dollar has fallen to a record low on the...
Naira crashed to another record low on the black market, trading at an average of N722/$1 on Tuesday morning, from N713/$1 recorded in the previous trading session as eyes are now set on the Monetary Policy Committee briefing later today, to see the direction of the apex bank concerning interest rate movement and policy directions
Agusto & Co, a rating agency, says it expects that a lower rate of outbound medical tourism as a result of the naira depreciation, saying it will boost the industry’s contribution to GDP in the medium term
One year after the CBN effectively criminalized AbokiFX's actions and accused it of "economic sabotage", the Naira has lost 25% of its value.
Nairametrics questioned selected entrepreneurs, and financial professionals to get their advice on what investments they would make with N250,000.
The Central Bank of Nigeria sold $4.86 billion worth of foreign exchange to authorities dealers in the first quarter of 2022.
To ease supply pressure from the CBN, the Nigerian currency will unavoidably need to be depreciated at the Investors and Exporters (I&E) foreign exchange window rate.