Kategori: naira depreciation

Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low

Starting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria (CBN) har sagt. The announcement has since resulted in the naira’s parallel market exchange rate versus the U.S. dollar......

Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar

A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, har en rapport sagt. One......

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

The Central Bank of Nigeria (CBN)’s attempt to incentivize the countrys forex market through the so-calledNaira for Dollarscheme has failed. This is evidenced by the local currencys plunge of more than 25% since the launch of the incentive scheme......

Den nigerianske centralbanks trusler tvinger parallel valutakurssporer til at suspendere tjenesten

Following threats from the Central Bank of Nigeria (CBN), the management of Abokifx, a website that tracks the Nigerian currencys black market exchange rates, has announced the suspension of their daily updates. This suspension will remain in effect until Abokifx gets......