Nigeria’s naira weakened sharply on the official market against the dollar, pushing it above levels on the unauthorized parallel market despite government promises to stem volatility. The ...

Nigeria’s naira is poised for its worst year since the return to democracy in 1999, with analysts predicting further depreciation in 2024. The naira plunged 55% this year to 1,043 per dollar as ...

ABUJA, July 20 (Reuters) - Nigeria's naira traded at a record low of 860 per dollar on the black market on Thursday, according to traders, weakening below its official rate a month after the ...

ABUJA, Feb 23 (Reuters) - Nigeria's naira currency fell to a new record low in intraday trading on Thursday, FMDQ Exchange data showed on Friday, dropping below rates quoted on the parallel market ...

On Jan 4, the Africa Stablecoin Consortium announced that the Central Bank of Nigeria had greenlit their cNGN Naira stablecoin project under the CBN's regulatory sandbox. Following the ASC's ...

President Muhammadu Buhari unveiled the redesigned 200-, 500-, and 1,000-naira notes on Wednesday, saying “the new Naira banknotes have been fortified with security features that make them ...

The Naira depreciated on Friday at the official market, trading at N1,602.18 to the dollar.Data from the Central Bank of Nigeria (CBN) website showed that the Naira lost N5.49. This represents a 0 ...

Nigerian Bitcoiner and CEO of Recursive Capital and Btrust The concept of a Naira stablecoin has been floating around for several years, with previous attempts in the past. The most recent was ...