Nigeria Central Bank Floats Embattled Naira Currency

Nigeria will float its embattled naira currency, the Central Bank governor announced Wednesday after months of pressure to control a spiraling crisis in Africa's biggest economy. … Click to Continue »

BING NEWS:
  • Naira scarcity: We’ll ensure steady supply of cash nationwide – CBN
    The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank will ensure a steady supply of cash to tackle shortages across the country. Cardoso gave this assurance on Tuesday at a ...
    11/26/2024 - 9:15 pm | View Link
  • Naira Will Close 2024 At 1,621.7/$ Due To Persistent Pressure
    The Nigerian naira is expected to decline to N1,621.7 to the US dollar by the end of the year despite the Central Bank of Nigeria (CBN) 's efforts to stabilize it. However, the Stears macroeconomic ...
    11/26/2024 - 9:07 pm | View Link
  • Naira appreciates against dollar amid CBN interest rate hike
    The naira appreciated against the dollar at the foreign exchange market amid the Central Bank of Nigeria’s interest rate hike. FMDQ data showed that the naira strengthened to N1659.44 on Tuesday from ...
    11/26/2024 - 7:42 am | View Link
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