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Nigeria:
Devaluation of Naira - Transactions On the Balance
Cameroon Tribune, 6 July 2016
Prices of imported goods will increase in local currency in Nigeria while imports are expected to become cheaper. Read more »
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Nigeria:
Naira Appreciates, Now N364 to British Pound
Leadership, 8 July 2016
The naira is currently trading at 364 to the British pound but Nigerians can barely buy or sell. Read more »
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Nigeria:
Economy - Buhari Angry With CBN for Naira Devaluation
Vanguard, 28 June 2016
Even with the Currency flexibility policy recently invoked by the Central Bank of Nigeria, CBN, to enable market variables determine the value or otherwise of the Niara, President… Read more »
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Nigeria:
Naira Extends Losses Against Dollar
Guardian, 21 June 2016
The naira extended its losing run against the dollar for a second day on Tuesday. Read more »
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Nigeria:
New Forex Regime - a Cautious but Promising Start
This Day, 26 June 2016
Following the introduction of a flexible foreign exchange policy by the Central Bank of Nigeria (CBN), trading began in earnest last Monday. Kunle Aderinokun and James Emejo report… Read more »
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Nigeria:
Naira Now 280/$1 As Flexible Regime Begins
Daily Trust, 21 June 2016
The naira yesterday lost 29 percent of its value, exchanging at 280 to the dollar at the interbank market as the new flexible exchange rate regime commenced. Read more »
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Nigeria:
As New Central Bank Forex Policy Begins
Leadership, 20 June 2016
As the new forex policy introduced by the Central Bank of Nigeria (CBN) takes off today, banks and Bureau De Change Operators (BDCs) are looking forward to handling the $21billion… Read more »
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Nigeria:
Flexible Forex Regime Takes Off, Faces U.S.$4 Billion Demand
Guardian, 20 June 2016
As the flexible exchange rate policy takes off today, there is no less than $4 billion worth of unmet demand, which has raised a new concern over its clearance within the targeted… Read more »
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Nigeria:
Value of Naira Plummets After Nigeria Ends Dollar Peg
DW, 20 June 2016
In response to continued low oil prices, the Nigerian Central Bank floated its currency Monday and the naira subsequently lost over a third of its value. Some are praising the move… Read more »
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Nigeria:
CBN Forex Policy Inspires Confidence As NSE Index Gains 3.17 Percent
Premium Times, 16 June 2016
The All-Share Index of the Nigerian Stock Exchange rose by 3.17 per cent on Thursday following the Central Bank of Nigeria flexible foreign exchange policy framework unveiled on… Read more »
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Nigeria:
Buhari Backs CBN Flexible Forex Policy, Says It's Down Payment for Success
This Day, 14 June 2016
The flexible foreign exchange policy of the Central Bank of Nigeria got a presidential nod again yesterday as President Muhammadu Buhari said it would help the country's economy,… Read more »