“In Nigeria, the wealth of four billionaires (US $23.7 billion) could easily cover the whole of Lagos city in 500 naira notes. "Meanwhile, over 133 million people, about 70% of the ...

The naira depreciated against the dollar at both the official and parallel foreign exchange markets, ending the week on a negative note ... on Wednesday set N1,500 per dollar benchmark for ...

Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has vowed to tackle the commoditisation ( buying and selling) of Naira notes, which has become widespread in the country.

The value of the naira started the week on a depreciating note, sliding slightly to N1,551 and to the dollar at the close of trading on Monday, according to data by the Central Bank of Nigeria (CBN).