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3232Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications
https://www.digit.info/nigerian-lawmakers-slam-naira-devaluation-warn-of-inflation-implications/
Thu, 10 Jun 2021 22:00:18 +0000https://www.digit.info/2021/06/10/nigerian-lawmakers-slam-naira-devaluation-warn-of-inflation-implications/Read more]]>Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications of further devaluing the naira.” Lawmakers Slam CBN U-Turn The House’s warning follows […]
]]>Nigeria Devalues Currency as Central Bank Moves to Unify Exchange Rates
https://www.digit.info/nigeria-devalues-currency-as-central-bank-moves-to-unify-exchange-rates/
Mon, 17 May 2021 13:30:15 +0000https://www.digit.info/2021/05/17/nigeria-devalues-currency-as-central-bank-moves-to-unify-exchange-rates/Read more]]>In a possible policy shift, the Central Bank of Nigeria (CBN) recently allowed the local naira currency to briefly drop to a new low of USD$1 for 419.75 nairas on May 14, 2021. However, by close of business the naira had recovered and was trading around 411.25. Before the latest adjustment, the naira had fluctuated […]
Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications of further devaluing the naira.” Lawmakers Slam CBN U-Turn The House’s warning follows […]
In a possible policy shift, the Central Bank of Nigeria (CBN) recently allowed the local naira currency to briefly drop to a new low of USD$1 for 419.75 nairas on May 14, 2021. However, by close of business the naira had recovered and was trading around 411.25. Before the latest adjustment, the naira had fluctuated […]