Naira will weaken to 500 per dollar by Dec: Fitch
Naira is expected to weaken to 500 per dollar on the official market at the end of this year, BMI
Read more
naira devaluation
FX futures contracts surge, signal expectation of naira devaluation
As the Nigerian currency continued to wobble against the dollar, the demand for foreign exchange futures contracts soared more than
Read more
Naira devaluation inevitable in 2023: Top economist
The Nigerian currency is “misaligned from its true value”, and devaluation is inevitable next year, Bismarck Rewane, a top economist
Read more
Naira in free fall, slumps to 502/$1, 710/£1
The Nigerian currency tumbled against the dollar, the pound sterling and the euro at the parallel market on Friday. The
Read more
Naira falls to 498 against dollar as forex reserves dip
The Nigerian currency has weakened further against the dollar at the parallel market, moving closer to 500/$1. The naira exchange
Read more
Naira weakens further, nears 500 per dollar
The Nigerian currency weakened further against the dollar at the parallel market on Thursday, following the devaluation by the Central
Read more
Naira slumps to record low against dollar
The Nigerian currency fell to a record low on the official market on Friday, with lenders quoting it 7.7 percent
Read more
We didn’t increase our MD’s salary, naira devaluation boosted it – Nigerian Breweries
Nigerian Breweries Plc has said it did not increase the salary of its managing director last year as portrayed in
Read more
Nigeria disagrees with IMF on further naira devaluation
The International Monetary Fund has said Nigerian authorities did not agree with the need for an additional exchange rate adjustment.
Read more
Rewane sees further devaluation as naira wobbles against dollar
The Nigerian currency is expected to be further devalued this year as it is overvalued by 28.79 percent, a renowned
Read more