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Naira Official Rate Falls Below Nigeria Street-Market Value
Bloomberg via Yahoo News· 4 months ago(Bloomberg) -- The naira’s official exchange rate fell below its street value, signaling the...
Why Nigeria’s currency is rebounding against the dollar
Semafor via Yahoo News· 2 months agoNigeria’s naira is recovering from record lows hit this year following interventions by its central...
Nigeria lets market set currency exchange rate to stabilize economy, woo investors
Associated Press via Yahoo News· 11 months agoNigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in...
Nigeria’s Naira Finds Path to Stability After Wild Week
Bloomberg via Yahoo News· 4 months ago(Bloomberg) -- Even by the standards of Nigeria’s byzantine foreign-exchange market, it’s been a...
Nigeria should target exchange rate of 500 to 600 naira -policy document
Reuters via Yahoo Finance· 11 months agoNigeria should target an exchange rate of between 500 and 600 naira to the dollar, which requires reserves of up to $60 billion and a doubling of exports to support growth ambitions, a policy ...
Naira Street Value’s Plunge to 1,000/$1 Vexes Nigerian Lawmakers
Bloomberg via Yahoo News· 8 months ago(Bloomberg) -- Nigerian senators voiced concern about the naira at a hearing to confirm the county’s...
Nigeria central bank allows naira to weaken 2% to record low
Reuters via Yahoo Finance· 12 months agoNigeria's central bank allowed the naira to drop about 2% on the official market to a record low on...
Officially Outdoing Loonie, Naira Actually Among Worst in World
Bloomberg via Yahoo News· 2 years ago(Bloomberg) -- Officially, Nigeria’s naira is doing pretty well this year, down just 4% against a...
Nigeria Set to Extend Biggest-Ever Rate Hikes, Hold Off on Naira Devaluation
Bloomberg via Yahoo News· 1 year ago(Bloomberg) -- The Central Bank of Nigeria is set to extend its steepest phase of monetary...
Nigeria Brings Forex Back Into the Open to Defeat Street Market
Bloomberg via Yahoo News· 4 months ago(Bloomberg) -- Nigeria is bringing foreign-exchange trading back into public view, the latest step...