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Nigerian Naira

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News

World Bank: Nigerian Economic Reforms is Yielding Positive Results

Nigeria is witnessing promising economic developments as a result of key reforms. The World Bank has reported that the country’s fiscal deficit has...

News

Nigeria: Weak Naira Presents an Opportunity to Boost Exports, Says CBN Governor Cardoso

Nigeria’s Central Bank Governor, Yemi Cardoso, has highlighted the devaluation of the naira as a potential catalyst for boosting the country’s export trade....

News

Naira Among Worst-Performing African Currencies in 2024

The Nigerian naira has been ranked as one of the worst-performing currencies in Sub-Saharan Africa for 2024, according to the latest edition of...

Business

Naira Weakens Further as Fuel Price Hike Exerts Pressure on Foreign Exchange Market

The Nigerian naira continues to face mounting pressure, plummeting further against the U.S. dollar in the foreign exchange market following another significant increase...

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Nigeria urges airlines to hold off flight suspensions over jet fuel price spike

Nigeria has urged domestic airlines to refrain from suspending flights or increasing fares despite a sharp spike in jet fuel prices, as authorities...

Russia drafts time limit on privatisation lawsuits to reassure business

Russia is preparing legislation to impose a time limit on lawsuits challenging privatisation deals, in a move aimed at reassuring businesses and investors...