A recent ranking has shown the African countries with the strongest currencies in May 2025, as the Nigerian currency, the naira, fell after a week-long rise.

The Nigerian currency, the naira, is now in the top 3 list of the worst-performing currencies in the world New data shows that the value of the naira has depreciated so badly against the United ...

The Central Bank of Nigeria (CBN) injected about $580 million into the foreign exchange market in May to save the naira from ...

Nigeria faces severe shortages of foreign currency, leading to restrictions on imports and meaning investors cannot convert local currency to repatriate their profits. International Air Transport ...

For example, when buying the Nigerian naira against the Ghanaian cedis. As a result, currencies are always priced relatively to another currency, known as the exchange rate. The Middle East houses ...

The currency swap arrangement allows the Central Bank of Nigeria (CBN) and the People's Bank of China (PBoC) to exchange currencies to facilitate trade and investment between the two nations ...