Naira cards are back for online dollar payments! These 7 Nigerian banks now allow international transactions on Naira debit ...

The Nigerian currency. the naira has continued to surge against the dollar in the official and parallel markets despite ...

Increasing revenues, establishing an effective budget framework, and scaling up the cash transfer system can all support ...

The Nigerian and Ugandan currencies are seen advancing in the next week to Thursday, while Kenya's, Ghana's and Zambia's are ...

President Bola Tinubu has pinpointed food security, along with regional economic inclusion, as the first currency of Nigeria’s path to long-term stability. Accordingly, he disclosed plans by his ...

Recall that last year, the Central Bank of Nigeria renewed a 15 billion yuan ($2bn) currency-swap agreement with China to boost trade and investment between the two countries.

Nigerian traders faced the cumbersome and costly process of multi-layered currency conversion procedures, which exposed businesses to higher transaction costs, exchange rate risks, and forex-related ...

On November 20, 2023, the People's Bank of China and the Saudi Arabian Monetary Authority signed a currency swap of US$6.98 billion for three years. Deal failed to stabilise naira six years after ...

Nigeria’s economic landscape is at a pivotal juncture. Faced with fluctuating oil prices, rising inflation, and currency devaluation, the country’s foreign reserves remain under constant strain.

According to him, the use of foreign currencies in Nigeria, their prevalence, and dominance in the financial system has sidelined the local currency, the naira, causing a negative impact on its value.

The Senate has initiated steps to restore Nigeria’s monetary sovereignty by outlawing the use of foreign currencies for payments and transactions within the country.

The central bank of Nigeria has signed an agreement with the International Finance Corp to expand local currency financing for Nigerian businesses and cut foreign exchange risks, the agencies said ...