Naira
Nigeria is facing several challenges affecting its citizens. These include weakened naira, high food prices and fuel scarcity. A don shared survival tips.
The Nigerian currency has appreciated against the US dollar in both the official and unofficial foreign exchange markets as the CBN pauses forex sales.
The Nigerian National Petroleum Company (NNPC) Limited has admitted to its debt to petrol suppliers and how it is impacting fuel supply in the country.
The Central Bank of Nigeria (CBN) has adjusted the Customs exchange rates for cargo clearance in Nigeria's ports, despite naira's crash in official market.
The Nigerian currency has depreciated further against the United States dollar in the unofficial market as the market awaits the CBN interventions.
The Nigerian currency has depreciated again against the US dollar, pound, and euro ending August with N28.56 loss despite the CBN's recent interventions.
The Central Bank of Nigeria has said that currency outside the banking system declined to N3.66 trillion in July, showing growing confidence in the banks.
The naira recovered in the official and parallel markets on Thursday, August 29, 2024, trading at N1,593 and N1,615 per dollar respectively, calming the markets.
The Central Bank of Nigeria, as the Nigerian currency, the naira crashed to nearly N1,600 against the United States dollar in the official foreign exchange.
Naira
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