Tag: Economic Policy Impact
CFA to Naira Exchange Rate Drops Today
The Central African CFA franc to Nigerian naira exchange rate dropped sharply today, with the CFA trading at 45 naira per unit, down from 47 naira yesterday, according to official market data. The decline...
Naira Drops to $500 Amid Forex Market Turmoil
The Nigerian naira plunged to a record low of 1,500 per U.S. dollar on the parallel market on Monday, deepening economic uncertainty as forex scarcity worsened. The Central Bank of Nigeria (CBN) has not...