Tag: CBN Governor Godwin Emefiele

Naira exchanges for 475/$ as forex scarcity persists

The naira on Friday exchange to the dollar at 475/$ at the parallel market as foreign exchange scarcity persisted. Continued volatility experienced in crude oil prices and low demand had…

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Nigeria’s external reserves drops by $286 million

Nigeria’s external reserves dropped by $286 million (0.8 per cent) to $35.899 billion as at July 28, 2020, compared to the $36.185 billion it was at the end of June,…

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Nigeria’ Central Bank Devalues Official Exchange Rate by 5.5%

The Nigerian central bank has devalued its official exchange rate by 5.5% to 381 naira to the dollar from 360 naira, according to data on the website of FMDQ OTC…

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Amid Plans to Unify Multiple Exchange Rates, Naira weakens by 5.3% at Currency Auction

  Nigeria’s central bank devalued the naira at one of its currency auctions, according to people familiar with the matter. The weakening comes after Governor Godwin Emefiele announced last month…

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