Nigerian Naira (NGN)

QUOTE AND NEWS  Sep 9  Comment 
Read full story for latest details.
Financial Times  Aug 8  Comment 
Black market measure of Nigerian currency 25% weaker than official measure
Wall Street Journal  Jun 20  Comment 
Nigeria’s currency plummeted more than 40% against the dollar on Monday, the latest sign that low crude prices continue to disrupt the economies of some major oil-producing nations.
Clusterstock  Jun 20  Comment 
The Nigerian naira fell off a cliff on Monday morning after the Central Bank of Nigeria removed the currency's peg to the dollar. The move was an attempt to devalue it in response to tumbling oil prices. As trading opened for the day, the...
Financial Times  Jun 15  Comment 
Switch to market-driven currency system amid economic crisis and dollar shortage
BBC News  Jun 15  Comment 
Nigeria plans to allow the embattled naira to trade freely against the dollar in a bid to control a currency crisis.  Jun 1  Comment 
Legatum Institute index says Nigeria – Africa’s biggest economy – is only the 26th most prosperous African country, as fuel shortages hamper growth Decades of economic growth across Africa have failed to improve the lives of millions of...
BBC News  May 25  Comment 
Nigerian MPs summon the finance minister and central bank governor to brief them on proposals to ease the economic crisis by devaluing the currency.
Reuters  Feb 23  Comment 
Nigeria's pegged exchange rate policy appears unsustainable and undermines government efforts to attract investment and diversify the economy away from oil, the chairman of local lender Stanbic said on Tuesday.


The chart at left shows the USD/NGN currency pair; the number of Nigerian Naira equivalent to 1 U.S. Dollar (USD).

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki