Nigeria’s currency, the naira, further plummeted to 1,524 to $1 on Friday, reflecting a 230% loss of value in the last year.

Pedestrians carry boxes of goods across a busy road near a giant advertising screen showing US dollar, British pound and euro foreign currency exchange rates in Lagos, Nigeria, on Wednesday, July ...

In May 2018, the CBN and the Peoples Bank of China (PBOC) formalised a currency swap agreement valued at RMB 16 billion (approximately US$2.5 billion). By the end of 2024, China became Nigeria’s ...

President Muhammadu Buhari said at the launch Monday that the digital currency and the blockchain technology it uses can foster economic growth and increase the GDP of Nigeria’s economy, one of ...

ABUJA, July 29 (Reuters) - Nigeria's government gave approval on Monday for state oil company NNPC Ltd to sell crude in the naira currency to the mega Dangote refinery effective immediately to ...

Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa's biggest economy hopes will help woo investors and stabilize the local currency.

Nigeria’s currency, the naira, further plummeted to 1,524 to $1 on Friday, reflecting a 230% loss of value in the last year.

Business Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad? Feb. 16, 2024 at 10:07 pm Updated Feb. 16, 2024 at 11:06 pm ...