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multiple currency regimes

Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications

Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation ImplicationsNigeria’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 […]

Hamster Kombat loses 259 million players in less than 3 months

Nigeria Devalues Currency as Central Bank Moves to Unify Exchange Rates

Nigeria Devalues Currency as Central Bank Moves to Unify Exchange RatesIn 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 […]

Hamster Kombat loses 259 million players in less than 3 months