Abuja, Nigeria — The Central Bank of Nigeria (CBN) is planning on replacing its naira currency to reduce excess cash, inflation and crime. Although the currency could be in circulation as early ...

Abuja, Nigeria — Nigeria's Supreme Court has declared the government's rollout of newly-designed currency to be unconstitutional and ordered that old notes remain in circulation until the end of ...

The currency in question is Nigeria’s own NAIRA. The country’s Supreme Court suspended the deadline to stop using old banknotes which were meant to be out of circulation, ...

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

A money changer counts Nigerian naira currency at a bureau de change, in Lagos Nigeria, Oct. 20, 2015. Nigeria’s push to replace the local currency notes with newly designed ones is creating an ...