Nigeria’s naira is poised for its worst year since the return to democracy in 1999, with analysts predicting further depreciation in 2024. The naira plunged 55% this year to 1,043 per dollar as ...

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Nigeria’s naira has reversed recent gains and is now the world’s worst performing currency in the last month, increasing pressure on the central bank to keep raising interest rates. The naira ...

ABUJA, Feb 23 (Reuters) - Nigeria's naira currency fell to a new record low in intraday trading on Thursday, FMDQ Exchange data showed on Friday, dropping below rates quoted on the parallel market ...

ABUJA, Oct 16 (Reuters) - Nigeria plans to spend 26.01 trillion naira ($34 billion) for the 2024 budget and will assume an oil price of $73.96 for its expenditures at an exchange rate of 700 naira ...

ABUJA, May 14 (Reuters) - The Nigeria naira fell to a record low on the official market on Friday, with lenders quoting it 7.7% weaker against the dollar, following a currency devaluation aimed at ...

ABUJA, Sept 20 (Reuters) - Nigeria's naira fell to a record low on the black market on Wednesday, driven mostly by speculative demand as individuals turn to the dollar as a store of value ...

The Naira depreciated on Friday at the official market, trading N1,602.18 to the dollar. Data from the Central Bank of Nigeria (CBN) website showed that the Naira lost N5.49. This represents a 0. ...