Tag: West Africa** 3. **Central Bank of Nigeria (CBN)
Naira Hits 1,500 Per Dollar Amid Economic Turmoil
The Nigerian naira plunged to a record low of 1,500 per dollar on Tuesday, deepening economic turmoil amid a worsening foreign exchange crisis, according to data from the Investors and Exporters (I&E) window. The...
Naira Hits Record Low: £1 Now Exchanges for Over 1,000 Naira
The Nigerian naira hit a record low against the British pound on , with £1 now exchanging for over 1,000 naira in parallel markets, according to financial analysts and currency traders. The depreciation, driven...
Naira Hits New Low: 1 Euro Now Exchanges for 1,000 Naira
The Nigerian naira hit a new record low against the euro on , with one euro now exchanging for 1,000 naira, according to . The depreciation marks the currency’s steepest decline amid persistent foreign...