Nigerian Naira

Naira Surges by N2.07 Against Dollar in Official FX Market!
In a financial landscape where even minor fluctuations carry significant weight, the Nigerian Naira experienced a modest yet meaningful appreciation, strengthening by N2.07 against the...

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Politics Today
14 hours ago14 hours ago

In a financial landscape where even minor fluctuations carry significant weight, the Nigerian Naira experienced a modest yet meaningful appreciation, strengthening by N2.07 against the U.S. dollar at the official foreign exchange market. This subtle shift reflects a complex interplay of liquidity management, policy adjustments, and investor behavior, all influencing the currency’s trajectory from multiple...

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CNGN Stablecoin Surges: Over ₦600M in Circulation and ₦20B+ Traded Volume!
The Nigerian government-backed stablecoin, cNGN, is rapidly demonstrating that regulated digital currencies can achieve swift market acceptance. As of September 15, approximately 602.9 million cNGN...

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Tech
5 months ago5 months ago

The Nigerian government-backed stablecoin, cNGN, is rapidly demonstrating that regulated digital currencies can achieve swift market acceptance. As of September 15, approximately 602.9 million cNGN tokens were in active circulation. The stablecoin has facilitated over 75,000 on-chain transactions, with a remarkable total trading volume surpassing 20.1 billion cNGN. In just the past 24 hours, trading...

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Naira Surges to 6-Month Peak at ₦1,497/$ Amid Slowing Inflation Boost
In August 2025, Nigeria’s headline inflation rate eased to 20.12%, down from 21.88% recorded in July, reflecting a positive shift in the country’s economic landscape....

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Politics Today
5 months ago5 months ago

In August 2025, Nigeria’s headline inflation rate eased to 20.12%, down from 21.88% recorded in July, reflecting a positive shift in the country’s economic landscape. This improvement coincided with the Naira reaching its strongest position in six months, trading at N1,497 per US dollar on the Nigeria Autonomous Foreign Exchange Market (NAFEM), signaling enhanced economic...

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Nigeria’s Data-Driven Life: A Staggering ₦721 Billion Spent Every Month!
Welcome to Follow the Money, our weekly deep dive into the revenue streams, business models, and expansion tactics shaping African fintechs and financial institutions. Tune...

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Tech
5 months ago5 months ago

Welcome to Follow the Money, our weekly deep dive into the revenue streams, business models, and expansion tactics shaping African fintechs and financial institutions. Tune in every Monday for fresh insights. In Nigeria, everyday life-from football matches and religious gatherings to binge-watching Nollywood films-is increasingly powered by internet data. This digital transformation, coupled with a...

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