- Tuesday, 21 June 2016
The naira crashed by 31 per cent to 288.85 against the United States dollar on Monday at the close of trading at the newly established interbank market.
- Monday, 20 June 2016
Following the decision of the Central Bank of Nigeria to allow market forces determine the value of the naira, the interbank market on Monday pushed the Nigerian currency to as high as 264 against the United States dollar.
- Friday, 17 June 2016
The International Monetary Fund, IMF, has welcomed the decision of the Central Bank of Nigeria, CBN, to abandon its currency peg and adopt a flexible exchange rate policy, saying this was important to reduce fiscal and external imbalances.