Nigerian Naira (NGN)

QUOTE AND NEWS
Reuters  Feb 23  Comment 
Nigeria's pegged exchange rate policy appears unsustainable and undermines government efforts to attract investment and diversify the economy away from oil, the chairman of local lender Stanbic said on Tuesday.
BBC News  Feb 8  Comment 
Respected former head of Nigeria's Central Bank Lamido Sanusi says the government should end its policy of trying to maintain the value of the currency, the naira.
Forbes  Jan 26  Comment 
The plunge in the unofficial naira rate points to a looming devaluation in the Nigerian currency
Reuters  Jan 21  Comment 
Attacks on pipelines in Nigeria over the weekend have since then cost Africa's biggest economy around 470 million naira ($2.4 million) per day in lost gas and electricity, the government said on Thursday.
guardian.co.uk  Jan 7  Comment 
The visit of International Monetary Fund chief Christine Lagarde has placed an uncomfortable spotlight on the fiscal woes of Africa’s biggest oil producer When Christine Lagarde, the managing director of the International Monetary Fund, visited...
Reuters  Jan 5  Comment 
* Buhari has promised to clamp down on corruption (Adds comments from Buhari's spokesman)
Financial Times  Sep 23  Comment 
Oil price collapse and weakening naira have hurt consumer spending
Forbes  Sep 9  Comment 
JP Morgan Chase removes Nigerian debt from its emerging market bond indices, raising fears of a sell off of Nigerian assets




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The chart at left shows the USD/NGN currency pair; the number of Nigerian Naira equivalent to 1 U.S. Dollar (USD).

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