Tag: Naira

The naira continued its upward trajectory on Wednesday, closing at N1,500.91 to the United States dollar at the official Nigerian Foreign Exchange Market. This marked a significant development as the ...

The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has declared that the administration’s economic reforms are restoring both domestic and international confidence in the naira. ...

Have you checked Nigeria’s current exchange rates lately? If you have, you're probably feeling the sting of the nation's currency crisis. It's like watching a car crash in slow motion – ...

A Bloomberg report has classified Ghana’s local currency – the cedi, among African currencies with the ‘worst Spot Returns’ despite recent strides made by the cedi against major currencies. According ...

As the economies on the continent continue to reel under economic mismanagement, camouflaged by the COVID-19 pandemic and the situation in Ukraine, traders said Ghana’s cedi, Kenya’s shilling, Uganda’s shilling ...

Nigeria’s Supreme Court has temporarily suspended the deadline to stop using old naira banknotes amid the currency redesign crisis. The court ordered the Central Bank of Nigeria not to end the ...

The Central Bank of Nigeria (CBN) is expected to keep the naira/US dollar exchange rate near the current NGN416/USD over the course of the year, according to Fitch Solutions. The ...