Despite global and local challenges, the naira has remained stable in recent months, thanks to the CBN's reforms and a recent ...

Economic analysts and crypto enthusiasts are raising concerns following Nigeria's ban on end-to-end transactions — a type of payment processing — involving its currency, the naira, on the ...

The value of the Nigerian currency fell once again in both the official and unofficial foreign exchange markets The naira's value in the parallel market remains stable, while in the official ...

With its oil wealth, Nigeria should be awash with foreign currency. But years of economic mismanagement have left the country with a debilitating shortage of dollars. In an attempt to fix the ...

Fintech as a whole has been on the rise, with Nigerian firms raising $1.2 billion last year, making the country ripe for a forward-facing digital currency plan. In April 2023, touting its ...

It so happens that just before the election there is a currency crisis. The currency in question is Nigeria’s own NAIRA. The country’s Supreme Court suspended the deadline to stop using old ...

Nigeria’s currency, the naira, further plummeted to 1,524 to $1 on Friday, reflecting a 230% loss of value in the last year. “My family is now living one day at a time (and) trusting God ...

Nigeria’s central bank allowed the naira currency to drop as much as 36 percent on the official market on Wednesday, days after President Bola Tinubu suspended the central bank governor who ...

There is an extra hurdle for those using foreign capital to create new financial products in Nigeria: the value of the country’s currency has fallen 43% over the past year alone thanks to recent ...

Iwa Salami does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...