Tag: naira

Nigeria's naira touched a new record low of 183.05 against the dollar on Monday, driven by concerns over a sustained low oil price and expectations foreign investors would demand more ...

This week, the Monetary Policy Committee (MPC) of Nigeria’s Central Bank devalued the country’s naira from N155 to N168 a dollar. Falling global oil prices and depleting foreign reserves meant ...

Falling oil prices may be a major cause of the current decline in the value of the naira, but it is not the only one. Among the several factors mitigating ...

GWAGWALADA (FCT) - Dr. Obida Wafure of the Economics Department, University of Abuja, says the recent devaluation of naira by the Central Bank of Nigeria (CBN) will have positive and ...