Nigeria: Naira slides to N184 against dollar

Less than one week after the Central Bank of Nigeria, CBN, devalued the naira by 8.4 per cent in a bid to reduce the pressure on the falling national currency, the naira on Monday again fell by 3.4 per cent to a new low of N184.10 against the dollar, down from the N178 it fell to on Friday.

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Nigeria’s Access Bank sees ‘little’ impact from naira devaluation

Nigeria’s Access Bank does not expect to take a hit from the naira’s devaluation, its chief executive said on Wednesday, because many of its customers are generating revenues in foreign currencies.

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