Browsing Tag

naira

2 posts
multiple exchange windows introduced

Naira Rallies, Reserves Climb—So Why a New Exchange Rate Now?

Nigeria’s reserves hit a 17-year high, the naira rallied—yet a new exchange rate quietly emerged. Something doesn’t add up.
central bank intervened to slow

Why Nigeria’s CBN Spent $190m To Slow Naira’s Rally—What It Means For Forex Traders

Nigeria’s central bank just did the unthinkable—spending $190 million not to strengthen the naira, but to weaken it. Here’s why deliberate currency depreciation matters now.