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CATEGORY: godwin emefiele

Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 18, 2023 01:20

Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules

The Nigerian currency’s official exchange rate versus the greenback recently plunged to NGN634 per dollar from just under NGN470 per dollar. The central bank’s decision to allow the naira to “float” came a few weeks after Nigerian president Bola Ahmed Tinubu pledged to end the CBN’s multiple exchange rate regime. The Naira Devaluation The Nigerian

The post Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules appeared first on BTC Ethereum Crypto Currency Blog.

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After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 16, 2023 02:10

After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender

The Nigerian central bank has said the recently demonetized ?200, ?500 and ?1,000 banknotes will remain legal tender until Dec. 31, 2023. The central bank statement, which reaffirms a Supreme Court ruling that extended the lifespan of the demonetized naira banknotes, followed a rebuke of the CBN by the outgoing Nigerian president, Muhammadu Buhari. Central [...]

The post After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender appeared first on Crypto Breaking News.

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