Naira Plunges Toward 1000 on Street Amid 'Stampede' for Dollars – Bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
David Westin speaks with top names in finance about the week's biggest issues on Wall Street.
Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries.
Ashlee Vance explores innovations in new tech, software, engineering, and science in places outside of Silicon Valley.
Dodging Disasters, Insults and Inflation: Sunday Asia Briefing
Novatek’s Ust-Luga Terminal Is On Fire, Leningrad Governor Says
US Fourth-Quarter GDP to Crown Vigorous Second Half
Fired Turkey Central Bank Employee Widens Claims Against Governor’s Father
Fed to Begin Rate Cut Discussions But Avoid Teeing First One Up
JetBlue, Spirit Appeal Ruling Blocking $3.8 Billion Merger
GM Will Bring GMC Trucks to China, Where Sales Have Faltered
Canva Holders Are Said to Near Expanded $1.5 Billion Share Sale
Musk’s AI Startup Secures $500 Million Toward $1 Billion Funding Goal
Altman Seeks to Raise Billions for Network of AI Chip Factories
TSMC Outlook Drives $165 Billion Chip Rally in 2024 Rebound Bet
Economic Dreams Turn Into Political Nightmare for Portugal
Senegal Forges Ahead With Vote That Will Exclude Top Contender
Morgan Stanley Pays Gorman $37 Million for Final Year as CEO
JPMorgan Nears $3 Billion for Private Debt in Hunt for Partners
McCaffrey’s Two Touchdowns Rally 49ers to Victory Over Packers
Manchester United Taps City’s Berrada as CEO in Chase for Titles
Europe Isn’t Prepared for an Isolationist America
A Promising Turn in the Quest to Treat Long Covid
An Exodus of Black Women in Academia Hurts the Workforce
How Sweden Quit Smoking Without Quitting Nicotine
The Bitcoin Hype Is Back and About Just as Hollow as Before
The Downfall of Diddy Inc.
Harvard Defends Plagiarism Probe of Former President Who Quit
Harvard Chief Creates Task Forces on Antisemitism, Islamophobia
Hedge Funds Rake in Record Profits Betting on ‘Catastrophe’ Risk
Scotland’s Salmon Farms Navigate Troubled Waters for Global Industry
Inside the Architecture of Children’s Books
How UK Architecture Firms Manage Succession Strategies
South African City Built on Coal Confronts an Uncertain Future
Crypto Diehards Say #BoycottVanguard on Bogle-Inspired ETF Snub
Bitcoin Retreats to One-Month Low as ETF-Led Enthusiasm Wanes
Bitcoin Drops to Lowest Level Since Approval of ETFs
The Nigerian naira extended its slide and hurtled toward the 1000-per-dollar mark in street trading, as the central bank held back from supplying dollars to a panic-stricken market.
Traders in Abuja quoted the dollar at 998 naira on Thursday, according to Yahaya Adamu, a currency dealer in Wuse, a suburb of the nation’s capital, Abuja. In the commercial hub Lagos, the greenback is changing hands around 990, according to Umar Salisu, a foreign-exchange operator who compiles the data in Lagos.
