U.S. Deputy Treasury Secretary Wally Adeyemo on Monday urged Nigeria to work to stabilize its currency and fight corruption to unlock what he called the "unrealized opportunity" of Africa's most ...

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 ...

The Nigerian government's plan to sell crude priced in the local currency is faltering, with refiners, including the giant Dangote Oil Refinery, saying they are still unable to secure adequate ...

The Central Bank of Nigeria says the redesigned denominations of 200 (43 U.S. cents), 500 ($1.08) and 1,000 naira ($2.17) notes and new limits on large cash withdrawals would help curb money ...

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.

ABUJA, NIGERIA — Nigeria's Supreme Court has suspended the government's deadline to stop the use of old currency notes. The Central Bank of Nigeria had ordered people to swap out old bank notes ...

Nigeria made its allegations against Binance shortly after the company agreed to a $4.3 billion settlement with a group of U.S. agencies that had accused it of facilitating money laundering.

Nigeria: Govt Spends U.S. $8 Billion to Stabilise Naira Leadership, 24 February 2025. The federal government has spent about $8 billion to stabilise the exchange rate of the Naira to the US dollar ...

Nigeria will soon begin restricting ATM withdrawals to just $45 per day as part of a push to move the country toward a cashless economy. The policy – which will also apply to banks and cashback ...

ABUJA – Nigeria on Wednesday launched newly designed currency notes, a move that the West African nation's central bank says will help curb inflation and money laundering.. The newly designed ...

ABUJA, Nigeria (AP) — Nigerian President Muhammadu Buhari said Thursday that the country’s redesigned currency would bolster the upcoming presidential election, appealing for an end to violen… ...

ABUJA, Nigeria (AP) — Nigeria’s push to replace its paper money with newly designed currency notes has created a shortage of cash, leaving people unable to buy what they need and forcing ...