Naira may hit N600/$ over CBN’s suspension of dollar sales – Currency traders
Some currency dealers have responded to the Central Bank of Nigeria (CBN) Tuesday’s decision to halt the sale of dollars…
Naira devalued to N390/$1 as black market hits N503/$1
The exchange rate between the naira and dollar has depreciated to N390/$1, according to a report by Nairametrics. Nairametrics confirms…
Naira rebounds, exchanges for 420/$
….speculators count losses The naira exchanged to the dollar at the parallel market at N420/$ on Wednesday, following the interventions…
Nigerian’s should expect “a significant devaluation” to N550/$1 – Goldman Sachs
A leading global investment banking firm, Goldman Sachs Group, this week, predicted that a significant devaluation of the naira is…
Naira under pressure as Nigeria records poor export earnings
The naira is expected to be under intense pressure from the dollar starting next week, no thanks to Nigeria’s poor export…