Category: naira exchange rate

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

Centralna banka Nigerije (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......

Nigerian Central Bank Threats Force Parallel Exchange Rate Tracker to Suspend Service

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......