IFC to finance Nigerian private sector projects
The International Finance Corporation (IFC) and Nigeria's Central Bank (CBN) have signed a strategic agreement to…
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Nigeria’s naira
Nigeria’s naira decline prompts rate discussions
The Nigeria's naira has sharply declined since mid-April, with a 28-year high inflation rate likely prompting the…
Nigeria devalues currency for 2nd time
Nigeria has drastically devalued its currency for the second time in eight months, to streamline its convoluted…
Nigeria’s naira falls to record low vs U.S. dollar
Nigeria's naira fell to as low as 1,421 against the dollar on the official market on Friday, according to FMDQ…
Nigeria’s central bank pays $2 bln to clear FX backlog
The Central Bank of Nigeria settled matured foreign exchange contracts by paying lenders about $2 billion of what…
