Tag: Governor Godwin Emefiele

Nigerian Currency Devaluation Sows Confusion With Traders, Naira devalued by 5.5% against dollar

Nigeria’s latest devaluation of the official naira rate -- one of the West African nation’s multiple exchange rates -- has left traders perplexed. The currency’s official value was reduced by…

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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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