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NAIRA DEVALUATION

Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges
Jul 21, 2023
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.

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Nigeria Declares Food Emergency After Sixth Consecutive Increase in Inflation Rate
Jul 19, 2023
Nigeria Declares Food Emergency After Sixth Consecutive Increase in Inflation Rate
Nigeria Currency Presently Undervalued Says Bank of America Analysts
Jul 3, 2023
Nigeria Currency Presently Undervalued Says Bank of America Analysts
Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules
Jun 18, 2023
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
Nov 20, 2022
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
Oct 21, 2022
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
Aug 2, 2022
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
Jul 7, 2022
Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation
Nigerian Presidency: Vice President Yemi Osinbajo Against 'Willy-Nilly Devaluation of the Naira'
Oct 15, 2021
Nigerian Presidency: Vice President Yemi Osinbajo Against 'Willy-Nilly Devaluation of the Naira'