naira

7 Articles
Politics

Nigeria Bans ‘Spraying’ of Naira at Parties to Protect Currency

Nigeria’s government has intensified efforts to curb the cultural practice of “spraying” naira notes at social events, a tradition where money is thrown...

Economy

Central Bank Policy Changes: How They’re Impacting the Naira

In recent months, Nigeria’s Central Bank has implemented a series of policy reforms aimed at stabilizing the naira and addressing the nation’s economic...

Economy

Is the Naira on the Rebound? Analyzing Recent Trends in Nigeria’s Currency

The Nigerian naira has experienced notable fluctuations over the past year, prompting discussions about its potential rebound. In June 2023, the Central Bank...

Economy

Nigerian Naira Faces Unprecedented Volatility: What It Means for Your Wallet

The Nigerian naira has been experiencing unprecedented volatility, significantly impacting both the economy and individual financial well-being. In March 2025, the naira depreciated...

Economy

Naira Strengthens in Parallel Market but Depreciates in Official FX Market

The Naira appreciated marginally in the parallel market yesterday, improving to ₦1,660 per dollar from ₦1,662 per dollar recorded over the weekend. However,...

Economy

Naira Depreciates Further Against the Dollar Across FX Markets

The naira experienced renewed depreciation against the dollar on Wednesday at both the official and black market foreign exchange rates. Data from FMDQ...

Economy

Naira Strengthens as Dollar Supply Increases by 117% in the Forex Market

The supply of the U.S. Dollar and other foreign currencies surged by 117 percent at Nigeria’s foreign exchange (FX) market on Friday, boosting...