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Naira

16 May 2019
MTN Group goes ahead with its Nigerian listing today with the price set at 90 naira. Joining CNBC Africa for more on the listing is Lanre Buluro, Director of Chapel Hill.
11 May 2019
The naira is the currency of Nigeria. It is subdivided into 100 kobo. The Central Bank of Nigeria is the sole issuer of legal tender money throughout the Nigerian Federation. It controls the volume of money supplied in the economy in order to ensure monetary and price stability.
2 May 2019
Nigeria’s Senate approved the country’s 2019 budget on Tuesday, hiking the government's spending plan to 8.9 trillion naira after increasing the expenditure on security.
5 Apr 2019
Nigerian Tier-2 lender, Sterling Bank reported a 15 per cent rise in its full-year profit after tax to 9.2 billion naira. Abubakar Suleiman, Managing Director and CEO of Sterling Bank join CNBC Africa to break down the numbers.
16 Mar 2019
Nigerian senators warned of the country's rising debt profile as they debated on the 8.83 trillion naira 2019 appropriation bill.
25 Feb 2019
The naira has remained stable both at the official and parallel markets despite several odds facing the currency ahead of the elections in Nigeria; that's according to Aminu Gwadabe, President of the Association of Bureaux De Change Operators of Nigeria.
10 Jul 2018
The naira depreciated in the Investors and Exporters Window last week, losing N1.26 naira to close at N362.58 naira to the greenback. Lekan Olabisi, FX Dealer at GT Bank joins CNBC Africa to preview the fixed income and forex markets this week.
20 Jun 2018
Justice Must Prevail Party has announced plans to change the name Nigeria and the currency Naira if it emerges victorious in the 2019 general election.
30 May 2018
The Manufacturers Association of Nigeria has appealed to the government to resolve its 29 billion naira electricity tariff dispute with the Electricity Distribution Companies and the Nigerian Electricity Regulatory Commission.
30 May 2018
With 328 billion naira worth of bonds to mature today, traders expect a Primary Market Auction today to take 50 billion naira from the system.
14 May 2018
The Nigerian fixed income market is expecting inflows totalling 330 billion naira from maturing OMO bills this week.
27 Sep 2017
Union Bank of Nigeria recently opened its 50 billion naira rights issue for subscription, just as Forte oil put a hold on its planned 20 billion naira capital raising.

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