On Tuesday, the Naira saw a positive turn in the official market, trading at N1,630.45 per dollar. A small win? Yes, but it’s a promising sign...
Nigeria’s Minister of Finance, Olawale Edun, has announced the government’s plans to de-dollarise the Nigerian economy in a bid to strengthen the Naira.Edun emphasized that reducing...
The House of Representatives has informed Central bank of Nigeria (CBN) to start eliminate old naira notes and to introduce the new N200, N500 and N1000...
Nigeria’s currency, the naira, has been ranked among the worst-performing currencies in Africa, alongside the Ethiopian birr and South Sudanese pound. The ranking, which has raised...
The Nigerian naira has been named one of the weakest currencies in Sub-Saharan Africa in 2024, depreciating by 43% year-to-date, according to the World Bank’s Africa’s...
The Nigerian naira has continued to weaken on the foreign exchange market, with the dollar-to-naira exchange rate showing a noticeable depreciation on Monday. According to data...
The Nigerian naira saw a rise in value against the US dollar across both official and parallel foreign exchange markets, marking its first appreciation since the...
