The Central Bank of Nigeria has revealed that the value of the naira has improved against the US dollar, pound and other ...

The value of the Nigerian currency has appreciated against the United States dollar in the unofficial market but fell in the ...

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 ...

Nigeria's central bank has sold nearly $200 million to support the naira currency after President Donald Trump's tariffs sent shockwaves through global markets, the bank said on Sunday.

Coupled with high inflation and interest rates, this has driven up costs and widened MTN Nigeria's pre-tax loss by more than 200% to 550.3 billion naira ($355.76 million).

Critics claim authorities selectively enforce the law on currency abuse, focusing on celebrities. Nigeria's anti-graft agency on Monday announced the arrest of a popular TikToker who failed to appear ...

Nigeria has renewed its bilateral currency swap agreement with China, six years after the deal was initially struck between both countries. Nigeria: What Govt Must Do to Make Currency Swap With ...

Nigeria’s economic landscape is at a pivotal juncture. ... In 2018, the Central Bank of Nigeria (CBN) signed a $2.5 billion currency swap agreement with the People’s Bank of China.

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.