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Nigeria: Market Unfavourable for Naira Devaluation - CBN
Daily Trust, 13 March 2020
The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around. Read more »
No Plan to Devalue Naira - Nigeria's Central Bank
The central bank has denied that it has plans to devalue the naira, and has announced an investigation to uncover currency dealers it blames for the artificial scarcity of the U.S dollar, which is pushing up the exchange rate and weakening the local currency.
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Nigeria: Oil Price Quakes Send Jitters to Nigerian Economy
Daily Trust, 15 March 2020
There is an ominous signal in the Nigerian economy following the sudden oil price crash as a result of Saudi Arabia's oil war and the coronavirus pandemic which has snowballed into… Read more »
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Nigeria: Fears Over Possible Recession, Naira Devaluation - Economists Speak
Vanguard, 15 March 2020
The spread of coronavirus, depleted foreign reserves and tumbling oil prices, global and local experts have said, could trigger another economic recession in Nigeria, maintaining… Read more »
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Nigeria: Why Nigeria's Fuel Pump Price Is Stable Despite Global Glut - Experts
Premium Times, 14 March 2020
Some experts on Saturday explained why Nigerians are not experiencing a reduction in the pump price of fuel despite the downturn in the global price market for crude oil. Read more »
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Nigeria: Naira Bounces Back After Days of Depreciation
Premium Times, 14 March 2020
The naira appreciated against the dollar on Friday after days of panic buying amid speculations that the Nigerian central bank may devalue the local currency. Read more »
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Nigeria: No Plan to Devalue Naira - Central Bank
Premium Times, 13 March 2020
Despite a slump in the global economy as a result of the negative impact of the coronavirus pandemic, the Central bank of Nigeria (CBN) on Thursday insisted the time was not ripe… Read more »
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Nigeria: Naira Depreciates to N410/$ At Parallel Market
Daily Trust, 13 March 2020
As the raging Coronavirus continues its huge toll on the global economic system, particularly for oil exporting countries, the Naira on Thursday depreciated by 9% in exchange for… Read more »
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Nigeria: Nigerians Have Capacity to Solve Our Challenges - Buhari
Daily Trust, 12 March 2020
President Muhammadu Buhari on Thursday said that Nigerians have the capacity to solve the challenges facing the country. Read more »
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Nigeria: Crude Price Slump - Group Urges Govt Against Naira Devaluation
Daily Trust, 12 March 2020
A civil society group, Social Integrity Network (SINET), has advised the Federal Government not to succumb to pressure to devalue the national currency in response to the current… Read more »
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Nigeria: Naira Depreciates to N367/$ As Panic Grips Forex Market
Vanguard, 12 March 2020
Indications emerged that Nigeria's foreign exchange market has come under severe pressure leading to significant depreciation of the local currency, Naira, across all market… Read more »
InFocus
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Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation, has warned that Nigerians should buckle up and prepare for real tough times in at least the ... Read more »
