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Nigerian Currency Slides 5% After Central Bank Injects More Than Million Into Forex Market
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Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market

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Nigerian Currency Slides 5% After Central Bank Injects More Than Million Into Forex Market
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Source: Bitcoin.com

Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex MarketThe Nigerian naira continued with a downward which recently saw it being named the worst-performing currency when it slid by just over five per cent to erase the previous day’s gains. The naira’s depreciation is said to have occurred just a day after the central bank intervened by injecting between $80 million and $100 million. […]

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Author: Terence Zimwara

Related posts:

  1. Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls
  2. Economic Intelligence Unit: Nigerian Central Bank Lacks Capacity to Defend Local Currency
  3. Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
  4. Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency
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