Tag: Naira
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CBN Rate Hike And Trump Tariffs Leave Naira Steady In Black Market
Following the CBN's interest rate hike, the Nigerian naira was strong in the official currency market but lukewarm in the illicit market.
According to FMDQ...
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...
Trump’s Return To The Presidency Will Put The Naira Through An “Acid Test”
As the U.S. dollar rises following Donald Trump's return to the presidency, the Nigerian currency is preparing for difficulties.
Last Friday, the official market saw...
Naira Struggles In The Official Market, As The US Dollar Index Recovers
Following Wednesday's sell-off, the U.S. dollar index rebounded, causing the Nigerian currency to decline modestly on the official market.
On Wednesday, October 30, 2024, the...
Cardoso Concedes That Raising Interest Rates To 27.75% Hurts Borrowers
Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has admitted that the interest rate increase to 27.25% is "painful" for borrowers,...
