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Nigerian Naira Slides to N360 a Dollar

Posted By: Samed Olukoya July 14, 2016 The Nigerian Naira plunged to N360 against the US dollar at the parallel market on Wednesday, following a supply shortage of the greenback in the interbank market. The local currency was traded at N354 against the US dollar on Tuesday, before supply gap in the interbank market widens […]

Nigeria Terrorism Index

Terrorism Index in Nigeria increased to 9.21 in 2014 from 8.20 in 2013. Terrorism Index in Nigeria averaged 6.09 from 2002 until 2014, reaching an all time high of 9.21 in 2014 and a record low of 3.86 in 2002. Terrorism Index in Nigeria is reported by the Institute for Economics and […]

Nigerian naira tumbles 30 percent after peg removed

LAGOS (Reuters) – Nigeria’s naira NGN=D1 slumped 30 percent against the dollar on Monday after the central bank removed its currency peg in an effort to alleviate the chronic foreign currency shortages choking growth in Africa’s biggest economy. A trader changes dollars for naira at a currency exchange store in Lagos, Nigeria, February 12, 2015. […]

What is happening the Nigerian Naira? – Africa

What is happening the Nigerian Naira? – Africa – RFI Listen Download Podcast Paris Live PM 1300 – 1400 GMT News bulletin 09/16 13h00 GMT Paris Live PM 1300 – 1400 GMT News bulletin 09/13 13h00 GMT Paris Live PM 1300 – 1400 GMT News bulletin 09/12 13h00 GMT 13h00 – 14h00 GMT News bulletin […]

What is happening the Nigerian Naira?

Issued on: 16/06/2016 – 19:38Modified: 17/06/2016 – 09:20 Nigerians have been busy debating the government’s decision to ease currency controls, which have been blamed for stagnating the economy. This shift in policy, announced this week, will likely result in a plunge in the value of the naira. RFI spoke with three Nigerian economists who have […]

Nigeria Military Expenditure

Military Expenditure in Nigeria decreased to 2298.40 USD Million in 2015 from 2357.70 USD Million in 2014. Military Expenditure in Nigeria averaged 1520.45 USD Million from 1988 until 2015, reaching an all time high of 3061.60 USD Million in 2011 and a record low of 509.60 USD Million in 1989. […]

Nigeria Central Bank of Nigeria PMI

Leading Economic Index in Nigeria increased to 45.90 percent in March from 45.50 percent in February of 2016. Leading Economic Index in Nigeria averaged 49.37 percent from 2014 until 2016, reaching an all time high of 53 percent in February of 2015 and a record low of 45.50 percent in February of […]

A (not so) brief history of the fall and fall of the Nigerian naira — Quartz Africa

Since 1986, the Nigerian naira’s relationship with the US dollar (and other foreign currencies) has been erratic, (un)predictable, violent and full of heartbreak and tears. The built-in dysfunction has also made a lot of people very rich. This piece seeks to trace the history of how Nigeria’s foreign exchange management became what it is to the […]