The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid the lingering scarcity of foreign exchange in NigeriaContinue Reading
Value of the naira to the dollar fell from 196.99 in December 2015 to 410 in April 2021, reflecting a 51.95 per cent decline despite the various foreign exchange policies introduced by the Central Bank of Nigeria to strengthen the currencyContinue Reading
The rate had closed at ₦460/US$1 on Monday, November 2nd 2020.Continue Reading
Okey Umeano, the Securities and Exchange Commission Head, Office of the Chief Economist, said the inflation rate figure was driven by several factors such as exchange rate scarcity, scarcity of certain goods due to lockdown, border closure and general poor state of the economy.Continue Reading
