Nigerian Naira (NGN)

QUOTE AND NEWS  Jun 1  Comment 
Legatum Institute index says Nigeria – Africa’s biggest economy – is only the 26th most prosperous African country, as fuel shortages hamper growth Decades of economic growth across Africa have failed to improve the lives of millions of...
BBC News  May 25  Comment 
Nigerian MPs summon the finance minister and central bank governor to brief them on proposals to ease the economic crisis by devaluing the currency.
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.  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)


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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