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Nigerian Currency Plunges to New All Time Low — Central Bank Blames Speculators

Post author:MiamiCrypto
Post published:July 30, 2022
Post category:Bureau De Change cbn crypto trading Economics Exchange rate Foreign exchange naira naira depreciation naira for dollar remittances

The Nigerian central bank has accused currency speculators of being behind the local currency’s recent plunge to a new all-time low of N710 against the greenback. The leader of a…

Nigerian Lawmaker Proposes Closure of All Domiciliary Accounts in Order to Save Imperiled Naira

Post author:MiamiCrypto
Post published:September 30, 2021
Post category:Abokifx Bitcoin Bureau De Change Central Bank of Nigeria domiciliary accounts Economics foreign currency naira depreciation naira exchange rate

Nigerian lawmaker Ibrahim Obanikoro has called on Nigerian authorities to “close all domiciliary accounts for the next 12 months.” Such a move, he argues, will help to ease pressure on…