naira

Nigeria’s central bank has pledged to clear a foreign-exchange backlog estimated at about $5 billion within a short space of time as it seeks to attract investment back into the …

Nigeria’s new central bank governor, Olayemi Cardoso, has unveiled his ambitious plans to tame the country’s soaring inflation and boost the value of its currency, the naira. Cardoso, who took …

Nigeria is in talks with the World Bank to secure up to $1.5 billion of budget support to help ease a severe dollar shortage that has contributed to the naira’s …

The Nigerian currency, the naira, has continued to lose value against the US dollar despite a surge in foreign exchange supply. On Wednesday, the naira closed at N1,035.12 per dollar …