Nigeria’s costly fight for stability
Foreign capital flows into Nigeria surged in the first half of 2024 to $5.98 billion, over double the $2.16 billion recorded for the same period in 2023...
Tag : Naira
Nigeria government vs Binance: All you need to know
Authorities detained two Binance executives in 2024 after accusing the company of facilitating naira trading, and they blamed Binance for Nigeria's currency problems...
Africa’s currency crisis: A global problem
The depreciation of currencies has forced foreign companies to rethink their African investments...
Nigeria’s currency weakness: Tracing the reasons behind a weak Naira
The Nigerian currency called the Naira has been under intense pressure since the floatation of the exchange rate...
Nigerian Naira strengthens to N806.73 against Dollar at official market
The naira closed at N1,165 to the USD, the same exchange rate, marking a day of stability...
IF Insights: Analysing the ‘Silent Revolution’ in African crypto sector
Nigeria is leading the 'Crypto Revolution' in Sub-Saharan Africa, by securing the second position on the Global Crypto Adoption Index, up from 11th in 2022...
Naira’s value falls further as parallel market exchange rates widen
In 2023, the naira experienced its worst-ever performance on the illicit market, reaching 1,000 to the dollar...
Nigeria to take significant action to save naira as inflation continues to haunt country
Naira slipped by 0.7%, its steepest decline in nearly six months, in official trading on the Nigeria Exchange on June 2023...