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Cross-border traders abandon businesses over naira's fall - Vimarsana News

Cross-border traders abandon businesses over naira's fall

…CFA franc scarcity forces transactions in naira in Niger   Naira has continued a downward slide in the West African sub-region trading at N2,010 per CFA1000 at the close of business last Friday. Naira traded at N1,870 per CFA1000 at the open market at the weekend. While, as of Thursday, it was sold at N1,800…

Nigeria: Petrol price hike fuels suffering - The Africa Report.com - Vimarsana News

Nigeria: Petrol price hike fuels suffering - The Africa Report.com

The pump price of petrol jumped by nearly 20% in major cities across Nigeria on 18 July, sparking anger among the citizens and labour unions.