The Nigerian and Ugandan currencies are seen advancing in the next week to Thursday, while Kenya's, Ghana's and Zambia's are ...

A US top investment banker, JP Morgan, has predicted that the Nigerian currency will exchange for N1,450 per dollar due to changes in NNPC and CBN's FX reserve.

Economic analysts and crypto enthusiasts are raising concerns following Nigeria's ban on end-to-end transactions — a type of payment processing — involving its currency, the naira, on the ...

Nigeria’s economic landscape is at a pivotal juncture. Faced with fluctuating oil prices, rising inflation, and currency devaluation, the country’s foreign reserves remain under constant strain.

Pedestrian shop for food at the Mile 12 Market in Lagos, Nigeria, Friday, Feb. 16, 2024. Nigerians are facing one of the West African nation's worst economic crises in as many years triggered by a ...

Pedestrian shop for food at the Mile 12 Market in Lagos, Nigeria, Friday, Feb. 16, 2024. (AP Photo/Mansur Ibrahim) The plummeting currency worsens an already bad situation, further eroding incomes ...

Now, in Nigeria’s current financial crisis—the inflation rate for its local currency, the naira, hit 30% in January—the government is blaming Binance, the world’s biggest crypto exchange.

More dollar, British pound and euro foreign currency exchange rates in Lagos, Nigeria, on Wednesday, July 26, 2017. Nigeria's economy, which in 2016 suffered its first full-year recession since ...

Nigeria’s currency is poised for its eighth straight day of losses and on track for its longest losing streak since 2020, less than two months before a presidential election.

Nigeria is struggling with severe cash shortages, with riots erupting across the country just days before a presidential election. Still, people are not turning to the national digital currency ...

Nigeria’s currency, the naira, further plummeted to 1,524 to $1 on Friday, reflecting a 230% loss of value in the last year. “My family is now living one day at a time (and) trusting God ...

Nigeria's currency has fallen to a record low as inflation surges. How did things get so bad? Pedestrian shop for food at the Mile 12 Market in Lagos, Nigeria, Friday, Feb. 16, 2024.