Wednesday, 31st May 2023
<To guardian.ng
Search

Nigeria’s naira hits record low

By Reuters
06 April 2023   |   4:20 am
Following a foreign exchange auction at the end of last week, Nigeria's naira currency hit a record low on Monday as the central bank grapples with dollar scarcity and a backlog of demand for foreign currency.

Related

20 Dec
Nigerians lined up on Thursday to withdraw cash on the first day that new 200, 500 and 1,000 naira notes starting circulating, but the notes were a rare sight as most of the money handed out remained in old bills that are being phased out, customers said.
19 Jan
Afghanistan, Ukraine and much further afield: The fight for women's rights is ongoing and business has a role to play. Natalia Kanem, executive director of the UN's Population Fund, speaks to DW at the WEF.
5 Feb
Almost all European chambers of commerce remain active in Myanmar nearly two years on from a military coup that ousted a democratically-elected government and sparked a civil war.
25 Jan
Find these stories and much more when you grab a copy of The Guardian on Thursday.⁣
30 Jan
Find these stories and much more when you grab a copy of The Guardian on Tuesday.⁣
31 Jan
Find these stories and much more when you grab a copy of The Guardian on Wednesday.⁣
2 Feb
The Naira redesign and the facing out of the old N200, N500, and N1,000 notes by the CBN has continued to cause an uproar among the citizens as no one are not able to assess the new notes. Just a few days ago, security agencies raided spots across the country to arrest those keeping the new notes.
3 Feb
Find these stories and much more when you grab a copy of The Guardian on Friday.⁣
3 Feb
Find these stories and much more when you grab a copy of The Guardian on Saturday.⁣
6 Feb
Find these stories and much more when you grab a copy of The Guardian on Tuesday.⁣
8 Feb
The Lagos Chamber of Commerce and Industry says the naira redesign policy is affecting operations of businesses in Nigeria, stressing that the chamber expects a smooth transition to the use of the new notes for business transactions.
8 Feb
Find these stories and much more when you grab a copy of The Guardian on Thursday.⁣