currency crisis
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Nigeria Naira Weakens with Dollar at N1,700, Pound Sterling at N2,100 in Lagos
The Nigerian Naira plummeted to unprecedented depths on Monday, hitting N1,700 against the US Dollar and N2,100 against the Pound Sterling. These alarming figures mark a historic low for Nigeria's currency, painting a bleak picture of the nation's economic stability, particularly under the...- Nigeria News
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- 2 min read
- currency crisis naira depreciation nigeria economy president tinubu
- Category: Business
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Nigeria Businesses on Edge as Naira Hits Record Low of N1,482.57 per $1, Fueling Economic Uncertainty
The Nigerian Naira hit a historic low against the US dollar on Tuesday, causing concern in financial circles. Official figures reveal that the Naira closed at N1,482.57 per $1, showing a significant 10% drop from the previous day. The situation worsened in the unofficial market, where the...- Nigeria News
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- 1 min read
- cbn currency crisis depreciation forex markets naira exchange rate us dollar
- Category: Business
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Nigeria Nigeria's Currency Crisis: US Dollar Hits N1,355, Raising Concerns for Businesses and Citizens
Amidst economic uncertainties, the Nigerian currency faces a significant setback with the US dollar soaring to N1,355 at the black market. Despite recent efforts to stabilize the exchange rate, including a $2.25 billion support from AfreximBank, the naira's value continues to decline. In...- Nigeria News
- Article
- 1 min read
- black market rate currency crisis naira against dollar rate naira depreciation nigeria economy us dollar exchange rate
- Category: Business
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