Tag: Naira
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Most African currencies seen weakening, Ghana and Tanzania steady
Kenya's shilling, Zambia's kwacha, Nigeria's naira and the Ugandan shilling are forecast to lose ground against the dollar in the next week to Thursday,...
Nigerian naira hits record black market low of 1,100 per dollar -abokiFx
Nigeria's naira hit a record low of 1,100 per dollar on the black market on Wednesday, online platform abokiFX showed, a day after the...
Nigeria seen hiking rates 100 bps on July 25 to boost devalued naira: Reuters poll
The Central Bank of Nigeria will likely continue raising its key interest rate in the coming days and months to support a devalued naira,...
Nigeria amasses $3 billion debt to traders for oil swaps – sources
Nigeria has accumulated up to $3 billion in debts to trading houses such as Vitol and oil majors such as BP for fuel supplies and...
Nigeria central bank allows naira to weaken 2% to record low
Nigeria's central bank allowed the naira to drop about 2% on the official market to a record low on Wednesday, but the currency's rate...
