Cnn naira to dollar news

Here are some recent news articles from CNN about the Nigerian Naira (NGN) to US Dollar (USD) exchange rate:

Latest News

• Nigeria's currency crisis worsens as naira plummets to record low (March 2023) The naira has fallen to a record low against the US dollar, sparking concerns about the country's economic stability. The currency has lost nearly 30% of its value in the past year, making it one of the worst-performing currencies in the world.

• Nigeria's central bank intervenes to stabilize naira, but currency still weak (February 2023) The Central Bank of Nigeria (CBN) has intervened in the foreign exchange market to stabilize the naira, but the currency remains under pressure. The bank has been selling dollars to support the naira, but the move has had limited impact.

• Nigeria's economy faces 'severe' challenges as naira crisis deepens (January 2023) Nigeria's economy is facing "severe" challenges as the naira crisis deepens, according to the International Monetary Fund (IMF). The IMF has warned that the country's economic growth is at risk if the crisis is not addressed.

Recent Exchange Rate

As of March 2023, the exchange rate is:

1 USD = 430 NGN (Nigerian Naira)

Please note that exchange rates can fluctuate rapidly and may be different by the time you read this.