The Nigerian currency, the naira, rebounded in the forex markets, thanks to $80 million intervention by the Central Bank of ...

The Nigerian naira is undervalued and expected to rally this year amid improvements in fiscal and monetary conditions, ...

The Central Bank of Nigeria has revealed that the dollar improved agaist the naira in the Nigerian Foreign Exchange Market ...

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

President Bola Tinubu says Moody’s Investors Service’s recent upgrade of Nigeria’s long-term foreign-currency issuer rating from Caa1 to B3, with a Stable Outlook, is a welcome development ...

As of November 2024, Nigeria's currency in circulation has surged to a record N4.8trillion, marking a seven per cent rise from October.

The Nigerian government's plan to sell crude priced in the local currency is faltering, with refiners, including the giant Dangote Oil Refinery, saying they are still unable to secure adequate ...

Nigeria’s ambitious strategy to price crude oil in naira for local refineries has encountered significant setbacks just two months after its rollout ...

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 ...

Data by the Central Bank of Nigeria shows that the country’s currency in circulation rose by 93.3 per cent to 4.1 trillion naira with about 6.6 per cent within the banking sector.

Nigeria pumps almost 1.5 million barrels of oil a day, making it the continent’s biggest producer. Yet this petrodollar nation faces repeated shortages of hard currency that choke its economy ...

Because Nigeria is dependent on imports, its weaker currency is pushing the annual inflation rate towards a three-decade high at almost 30%.