Nigeria Plans to Include Fintechs in Broadened Official Currency Market
A Nigerian official recently said the foreign exchange-starved country plans to include “legitimate” market participants like bureaux de…
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naira exchange rate
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Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules
The Nigerian currency’s official exchange rate versus the greenback recently plunged to NGN634 per dollar from just under…
Nigerian Central Bank Blasts Naira Devaluation Report — Publication Stands by Its Story
The Central Bank of Nigeria (CBN) said on June 1 that the report claiming it had devalued the…
Nigeria’s Central Bank Doubles Down on Plans to Introduce Newly Designed Naira Banknotes
The Nigerian central bank was, on Oct. 29, forced to defend its controversial currency redesign plans, just a…