Tag: Financial Instability
Naira Drops to New Low: 1 Dollar Now Equals 1,500 Naira
The Nigerian naira hit a record low of 1,500 per U.S. dollar on Thursday, deepening the currency’s decline amid economic instability. The Central Bank of Nigeria (CBN) confirmed the drop, which follows months of...
Naira Drops to 1,000 per 100 Euros Amid Forex Crisis
The Nigerian naira plummeted to 1,000 per 100 euros on Tuesday amid a deepening foreign exchange crisis, marking a record low against the euro, according to data from the Central Bank of Nigeria (CBN)....
Naira Drops to Record Low: $100 Now N6,000
The Nigerian naira hit a record low on , with $100 exchanging for N6,000 in the parallel market, marking its sharpest decline amid worsening economic pressures. The Central Bank of Nigeria (CBN) attributed the...