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.

Coveted by shirt enthusiasts and proudly cherished by fans, few modern kits have been as adored as Nigeria's 2018 World Cup ...

Lagos - The Central Bank of Nigeria (CBN) will next month introduce the highest denomination of the country's currency to ease the payment system, its governor has said. The 500 naira denomination ...

The Netherlands on Saturday officially handed back to Nigeria 119 precious ancient sculptures, stolen from the former kingdom ...

The $50 million injection by the apex bank came after CBN sold $190 million to dealers the previous week. At the end of trading on Wednesday, May 28, 2025, currency dealers quoted the naira at a ...

Explore the dramatic decline of Nigeria's naira over 65 years, highlighting inflation, economic mismanagement, and expert ...

“Cryptocurrency is not a currency in the true sense. It’s simply a decentralized ledger system. It has value due to its computational cost — what we refer to as mining — but it’s not viable as a ...

Types of Foreign Currency. The currencies of the world can be separated into several categories based on their role in the global economy, the economies on which they are based and their value ...

The act contravenes Section 21(1) of the Central Bank of Nigeria (CBN) Act, 2007, which prohibits the mutilation and abuse of Nigerian currency. Kunya was first arrested in January 2025 and ...

Lagos, Nigeria — Mandela Fadahunsi, who works at a technical training school in Ikeja in Nigeria’s Lagos, never believed he could fall victim to a Ponzi scheme.