Tag: Naira
Naira struggles as dollar gains, despite oil output rise
The Nigerian naira faced renewed volatility in the unofficial market, trading around the ₦1,620.25/$ mark as dollar demand…
Nigeria’s cash circulation reaches record high despite policies
Nigeria’s currency outside the banking system surged to an unprecedented N4.2 trillion as of October 2024, defying several…
Nigeria Plans a $10 Billion Diaspora Fund to Attract Dollar Inflows
Nigeria is gearing up to establish a $10 billion diaspora fund aimed at enticing investments from its sizable…
Naira Surges Against Dollar, Hits 5-month High
In a remarkable turn of events, the Nigerian Naira has experienced a significant rally against the US Dollar,…
Naira Surges Against Dollar, Hits 5-month High
The Nigerian Naira is on a roll against the US Dollar, reaching levels below N1,000 in some parts…
USAfrica: Nigeria’s Finance Minister slams Buhari for “aimlessly” printing trillions of the Naira “without productivity”
Special to USAfrica magazine (Houston) and USAfricaonline.com, the first African-owned, US-based newspaper published on the Internet. Nigeria’s Minister…
N860 per $1: Nigeria’s naira hits record low on ‘black market’ ahead of Central Bank meeting
(Reuters) - Nigeria's naira traded at a record low of 860 per dollar on the black market on…