Th value of the Nigerian currency has appreciated against the US dollar in the official foreign exchange marketsNew data ...

The currency has plunged by over 112% in the last 12 months and by almost 90% this year, making it one of the worst-performing currencies globally. The Nigerian naira plunge is facing another big ...

Naira was ab initio a strong currency. When it came in 1972 to replace the Nigerian pound, which was modeled and value-fixed after the British pound, two naira was equal to one British pound.

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 ...

On the wealthy peninsula of Victoria Island in Lagos, Nigeria’s commercial capital, no one knows how much their grocery shopping costs. Prices are changing so quickly that shopkeepers have given ...

Many bureau de change operators in Nigeria are refusing to buy or sell the euro, as the currency continues to dip amid fears ... It is too unstable,” said a cashier at 313 Bureau de Change, one of the ...

The largest economy in Africa, Nigeria, is grappling with a severe economic crisis, marked by a currency in freefall ... recognizing the continent’s $1 billion gaming industry.

was introduced on January 1, 1973, to replace the British pound as the official currency of Nigeria. At this time, one Naira was the highest currency in the country. Recommended For You Pulse ...