Naira drops by 49% year-to-date, ends 2023 at N907 against US Dollar
The greatest economy in Africa saw its currency, the Naira, drop by a staggering 49% year to date, ending 2023 on Friday at N907.11 per US dollar. The official exchange
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The greatest economy in Africa saw its currency, the Naira, drop by a staggering 49% year to date, ending 2023 on Friday at N907.11 per US dollar. The official exchange
Read MoreA few days before Christmas, the Central Bank of Nigeria, CBN, warned Point-of-Sale operators and Deposit Money Banks not to stockpile Naira notes due to the ongoing scarcity of the
Read MoreThe Nigerian Naira saw a small decline in value relative to the US dollar in the official Nigerian Autonomous Foreign Exchange Market (NAFEM), but it appreciated on the black market.
Read MoreDue to a lack of cash, the Standing Deposit Facility of Nigerian banks decreased by 18%, from N2.94 trillion in October to N2.4 trillion in November. Additionally, the country’s financial
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