depreciation
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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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Business CBN Explains Why It Put Restriction On Debit Cards Abroad
The Director, Monetary Policy of the Central Bank of Nigeria, Mr Moses Tule, has been speaking on the recent restrictions on the use of naira debit cards and dollar transactions in the country. At an interactive session with journalists in Abuja, Mr Tule said that naira debit cards can no...- ProfRem
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- Forum: Business News Links
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Business Naira Depreciation is the Fault of Ex-President Goodluck Jonathan, Says FG
The federal government has said that the depreciation in Naira is the direct consequences of the mismanagement and looting of treasury under former President, Goodluck Jonathan. Last Friday, the naira exchanged at its worst in history for N260 to $1 in the parallel market. The parallel rate is...- ProfRem
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- depreciation federal government jonathan
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- Forum: Business News Links
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