Catégorie: naira devaluation

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

According to the International Monetary Fund (Le FMI avertit que les sanctions contre la Russie menacent de saper la domination du dollar américain)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said Nigeria......

Signaler: Le programme d'incitation de la Banque centrale nigériane n'a pas réussi à stopper la dépréciation du naira

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......