currency devaluation
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![Today's Naira Rate [24-04-2024]: Naira in Freefall, Hits ₦1,308 Against USD in Worst Drop Yet](/data/attachments/203/203255-6e202405f2f497d63440ce71bc64dc98.jpg)
Nigeria Today's Naira Rate [24-04-2024]: Naira in Freefall, Hits ₦1,308 Against USD in Worst Drop Yet
The Nigerian naira is in trouble, heading for its most significant four-day decline since January's devaluation. It plummeted 5.3% against the dollar on Tuesday, wiping out earlier gains. Despite being the top-performing currency by Bloomberg's standards, it's facing a liquidity crisis... -
Nigeria Nigeria's Economic Reign Ends: Slips to Fourth Place in African GDP Rankings
As Africa's economic landscape undergoes a significant shift, Nigeria, once the continent's largest economy, is poised to slip to fourth place this year, according to projections from the International Monetary Fund (IMF). In a surprising turn, Egypt, which briefly held the top position in 2023... -
Nigeria Naira Tumbles to 1,220/Dollar as FG Unveils Forex Automation Plan to Stem Devaluation Crisis
In a decisive move to counter the ongoing slump of the Naira, the Federal Government unveiled plans to automate all transactions within the foreign exchange market. The announcement was made by the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, during the 29th Nigeria...
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