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Nigeria takes $9 billion hit in derivatives to clean up reserves

… currency liabilities and rebuild investor confidence in the naira, … capital controls, allowing the naira to float freely, … country’s severe forex shortage. Nigeria’s forex reform efforts raise … Goldman Sachs involving foreign-currency-backed deals to support …

Naira Suffers Sharpest Decline Against Dollar in Official Market

The Nigerian naira on Friday recorded … FX market, even as monetary authorities continue efforts to stabilize the currency … warn that currency instability could further complicate Nigeria’s economic … supply imbalances in the FX market. Financial analysts are …

Naira Weakens in Official Market, Closes at N1,602/$1

… (NFEM) shows that the currency traded within a range of … Throughout the week, the naira had shown relative stability, … rebound, during which the naira recorded its first significant … , stressing the instability in Nigeria’s foreign exchange market. …

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