naira

  • Nigerian President Rejects Currency Devaluation

    Nigerian President Rejects Currency Devaluation

    Monday, 22nd February 2016
    Nigeria's President, Muhammadu Buhari, has reiterated that the country will not devalue its national currency, the naira, in spite of the fact that it has dropped on the secondary market to the level of 360 per $1 in mid February.
  • Energy Firms Owe Nigerian Banks $20b

    Energy Firms Owe Nigerian Banks $20b

    Tuesday, 12th January 2016
    Energy firms owe Nigerian banks N4t ($20b) as of September 2015, according to data from the Central Bank of Nigeria.