Tag
NAIRA
Here is a compilation of notable happenings in the Nigeria macro-economic space, markets, regulators as well as other world economies.
The Nigerian Naira fell to N604/$ at the parallel from N565 at the start of the year.
The exchange rate between the naira and the US dollar closed at N419.25/$1 at the official I&E window, representing a 0.18% depreciation.
These strategies/roadmap campaign plans are needed to save the naira from further decline, bridge exchange rate gaps and curb volatility in the forex market.
A stronger dollar is expected to force the naira to plunge below N600/$ due to the US Fed’s hawkish stance and the bullish momentum of the dollar index.
The Central Bank of Nigeria (CBN) stated that Nigerians' import dependency is the cause of the falling Naira.
Nairametrics compiled a list of notable events across macroeconomy, equities market, regulators, and the crypto market that made the headlines during the week.
The Nigerian currency rose against the Ghanaian Cedi in the first quarter of 2022, despite Ghana's central bank raising interest rates.
Despite multiple interventions by the Central Bank of Nigeria to defend the Naira, the Naira fell by N22 in the first quarter of 2022.
The Debt Management Office has explained why receiving crude oil payments in Naira rather than in dollars is not a good idea for Nigeria.
The CBN has deployed a plethora of initiatives intended to attract more dollar inflows to the country, and they include the following...
Although the Naira's freefall observed last year appears to have come to an end, a glance at the previous era suggests that we should be concerned.