Tuesday, 7th May 2024
To guardian.ng
Search

Naira rallies against dollar

By CNBC
27 February 2017   |   12:49 pm
Nigeria's local currency the naira, rallied to 460 to the dollar last Friday, its highest level in more than 3 months. The currency got a boost from the Central Bank of Nigeria which sold 221 million dollars to 16 banks last week.

In this article

0 Comments

Your email address will not be published. Required fields are marked *

Related

3 days ago
Tom Parker-Bowles; a renowned journalist, food critic, and, son of the current Queen of England shares his captivating experiences in an exclusive interview with GuardianTV during his stay in Lagos. Discover his unique perspective on Nigerian cuisine and the unforgettable moments that left a lasting impression. Here is an insightful discussion with one of the world's most distinguished culinary connoisseurs.
1 day ago
Georgia has erupted in protest once again, as the ruling Georgian Dream party pursues a "foreign agents" bill in parliament – something that has left a question mark hanging over the country’s European ambitions. The EU granted the ex-Soviet nation candidate status to join the bloc last December. We speak to Georgia's President Salomé Zourabichvili, who plans to veto the final draft of the law, but admits that parliament can still override her veto. That makes the October 26 election even more crucial for re-asserting the country’s European path, she says.
1 day ago
Cryptocurrencies such as bitcoin promise quick profits – an attraction that aids scammers fleecing investors of their funds.
1 day ago
Fuel shortages in Nigeria have raised the price of gasoline and caused huge queues in cities like the capital Abuja, in a country already grappling with high inflation and a cost of living crisis.
3 hours ago
Fitch Ratings says reforms by the Nigerian government has reduced distortions stemming from previous unconventional policies. In a recent rating action, Fitch upgraded Nigeria’s credit rating outlook to positive.
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Tuesday.