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

LAGOS (Reuters) -Nigerian banks have resumed the use of naira debit cards for international transactions and online payments, more than three years after financial institutions suspended the service ...

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

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 ...

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 ...

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 ...

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 ...

The Central Bank of Nigeria announced late Monday that the old notes of 200 naira (43 U.S. cents), 500 naira ($1.08) and 1,000 naira ($2.16) will remain legal tender until Dec. 31.

Nigeria restricts ATM withdrawals to $45 per day in push to digital currency Nigeria's economy is heavily dependent on the so-called informal sector. By Bradford Betz Fox News.

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, ...

Nigeria’s central bank has extended the timeline to swap out its old currency for redesigned notes after the change triggered a cash shortage, forcing businesses to close and leaving millions ...