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NAIRA DEVALUATION

Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges

Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges

The naira's depreciation has been attributed to shortages of foreign exchange on the official market and the rising demand for forex.read more

Nigeria Declares Food Emergency After Sixth Consecutive Increase in Inflation Rate

Nigeria Declares Food Emergency After Sixth Consecutive Increase in Inflation Rate

Nigeria Currency Presently Undervalued Says Bank of America Analysts

Nigeria Currency Presently Undervalued Says Bank of America Analysts

Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules

Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules

Nigeria's Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

Nigeria's Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

Report: Bank of America Economist Predicts 20% Devaluation of the Nigerian Currency in 2023

Report: Bank of America Economist Predicts 20% Devaluation of the Nigerian Currency in 2023

Nigerian Central Bank Told to Consider Floating the Naira, Recent Interest Rate Hike Slammed

Nigerian Central Bank Told to Consider Floating the Naira, Recent Interest Rate Hike Slammed

Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation

Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation

Nigerian Presidency: Vice President Yemi Osinbajo Against 'Willy-Nilly Devaluation of the Naira'

Nigerian Presidency: Vice President Yemi Osinbajo Against 'Willy-Nilly Devaluation of the Naira'

Nigerian Currency Plunges to New Low of 570 — 10% of Value Lost in Under 30 Days

Nigerian Currency Plunges to New Low of 570 — 10% of Value Lost in Under 30 Days

Nigerian Central Bank: We Are Not Worried About the Naira's Valuation

Nigerian Central Bank: We Are Not Worried About the Naira's Valuation

Nigerian Currency Overvalued by 10% Says Central Bank Governor

Nigerian Currency Overvalued by 10% Says Central Bank Governor

New World Bank Report: Nigeria's Exchange Rate Policies Fueling Inflation, Affecting Food Prices

New World Bank Report: Nigeria's Exchange Rate Policies Fueling Inflation, Affecting Food Prices

After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to 'Market Forces'

After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to 'Market Forces'

Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications

Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications

Nigeria's Naira Loses Ground on Forex Black Market Just a Few Days After Devaluation

Nigeria's Naira Loses Ground on Forex Black Market Just a Few Days After Devaluation

Report: Bank of America Economist Predicts 20% Devaluation of the Nigerian Currency in 2023

Report: Bank of America Economist Predicts 20% Devaluation of the Nigerian Currency in 2023

Nigerian Central Bank Told to Consider Floating the Naira, Recent Interest Rate Hike Slammed

Nigerian Central Bank Told to Consider Floating the Naira, Recent Interest Rate Hike Slammed

Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation

Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation

Nigerian Presidency: Vice President Yemi Osinbajo Against 'Willy-Nilly Devaluation of the Naira'

Nigerian Presidency: Vice President Yemi Osinbajo Against 'Willy-Nilly Devaluation of the Naira'