Tag: naira

Iceland volcano: Peninsula faces ‘decades’ of instability

Earthquakes and fears of an impending eruption have led to the evacuation of the small fishing town of Grindavik. After an 800-year hiatus, eruptions on the Reykjanes Peninsula began again in 2021, which may mark a new “eruptive cycle”, the IMO’s Matthew Roberts says. “We expect to see volcanic eruptions along the peninsula, not just […]

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We did not devalue the naira- CBN

The Central Bank of Nigeria (CBN) has denied reports that it has devalued the naira, urging the public to disregard any contrary information. In a statement issued by the Acting Director of Corporate Communication, Dr. Isa AbdulMumin, the CBN described the news report as “replete with outright falsehoods and destabilizing innuendos”. The bank emphasized that […]

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