Business
BREAKING: CBN Begins Measures To Stabilize Naira Against Dollar
-
CBN has begun measures to stabilize naira against dollar..
THE NATION REPORTERS reports that the Central Bank Of Nigeria, CBN, has announced planned to take new measures to stabilize naira against dollar.
This was revealed to THE NATION REPORTERS in a statement by the CBN on Monday.
This online medium reports that the Naira sank further in the foreign exchange market, last week, reaching a record high of ₦955 to US$1 on Thursday, August 10, 2023, sending shockwaves through the Nigeria business sectors.
The Acting Governor of the CBN, Folashodun Shonubi, had announced on Thursday that the Nigerian Naira is significantly undervalued, according to economic modelling using purchasing power parity.
Details later!
-
Breaking News2 years agoBREAKING: CBN Redesigns Naira Notes
-
Breaking News1 year agoBREAKING: Tinubu Considers Temporary Subsidy On Petrol
-
News3 years agoDrama As Church Gives Certificate Of Virginity To Ladies After Testing Them (See Photos)
-
Crime3 years agoUproar As Student Teacher On Teaching Practice Impregnates 24 Girls, Headmistress, Four Female Teachers
-
Breaking News10 months agoJUST IN: Gbajabiamila Dies In UK
-
Breaking News1 year agoBREAKING: Dangote Speaks As BUA Reduces Price Of Cement
-
Crime2 years agoJUST IN: Gunmen Storm Osogbo, Kill Man, Daughter Few Hours After His Wife Put To Bed (Photos)
-
Breaking News1 year agoFLASH: Govt Declares Monday As Public HolidayÂ