Forex scarcity sends naira crashing, now N472/$ at parallel market
Businessam Staff
July 29, 2020
Foreign exchange scarcity has triggered further fall of the naira in the parallel market where it now exchanges at N472 to a dollar on
Naira continues slide across markets
Businessam StaffJuly 27, 2020
There is no respite for the naira as it continued its downward spiral, depreciating to new lows across many markets as continuing
Naira weakness is hurting private sector – MAN
Businessam StaffJuly 24, 2020
As Nigeria grapples with falling revenue and depreciating oil prices, members of the organised private sector have expressed worry
Analysts blame weakening naira as Nigeria’s inflation hits 12.56% for tenth straight month
Charles AbuedeJuly 17, 2020
Charles Abuede A weakening naira is what analysts are holding to account for a continuous rise in Nigeria’s inflation as the country’s
Further devaluation: Naira’s official rate may hit N430/$ by year end – Report
Businessam StaffJuly 8, 2020
By Omobayo Azeez Indications are rife that by the end of this year, Naira, Nigeria’s local currency will be further devalued to
Naira devaluation likely soon due to oil price slump – Survey
Businessam StaffMarch 13, 2020
The Nigerian central bank will be unable to maintain the naira’s value for much longer as a slump in oil prices drains foreign
CBN debunks naira devaluation, threatens to sanction those responsible for false speculations
Businessam StaffMarch 13, 2020
The Central Bank of Nigeria (CBN) has debunked speculations making the rounds and suggesting that the naira is finally about to be