| 单词 | naira |
| 例句 | “You know, some months Esther will give her whole salary to her church, they call it ‘sowing a seed,’ then she will come and ask me to give her three hundred naira for transport.” Americanah 2013-05-14T00:00:00Z Papa gave them each ten naira from a wad of notes he pulled out of his hold-all. Purple Hibiscus 2003-10-01T00:00:00Z Inside is a magazine with an envelope stuffed full of crisp naira notes, fresh from the bank. Purple Hibiscus 2003-10-01T00:00:00Z He was also newly rich and newly disoriented: one week he was broke and squatting in his cousins flat and the next he had millions of naira in his bank account. Americanah 2013-05-14T00:00:00Z She had slipped naira notes to all the salon workers, to the security men outside, to the policemen at the road junction. Americanah 2013-05-14T00:00:00Z He hoped Shell would rent it because the oil companies were always the best renters, never complaining about abrupt hikes, paying easily in American dollars so that nobody had to deal with the fluctuating naira. Americanah 2013-05-14T00:00:00Z He slowed down on Ogui Road to fling some crisp naira notes at a beggar sprawled by the roadside, near some children hawking peeled oranges. Purple Hibiscus 2003-10-01T00:00:00Z I would throw out, through the jeep window, bundles of crisp naira notes and watch the money fluttering about in the air, the cattle-herders scrambling like chickens to grab the deluge of alms. The Swimming Pool by Jekwu Anyaegbuna 2013-03-16T09:01:08Z A video camera for noncommercial use sets you back 15,000 naira. In Sacred Grove in Nigeria, Worship and Connection 2016-12-13T05:00:00Z Entry to the Sacred Grove costs 500 naira for non-Nigerians and 200 naira for Nigerians. In Sacred Grove in Nigeria, Worship and Connection 2016-12-13T05:00:00Z You pay an additional fee for taking a camera along: 1,000 naira for a phone camera and 3,000 naira for a photo camera. In Sacred Grove in Nigeria, Worship and Connection 2016-12-13T05:00:00Z Food, transport and commodity prices in Nigeria have been forced higher by a fall in the naira - which has caused a spike in foreign exchange rates and driven up inflation. Weak currencies force up cost of living in Sub-Saharan Africa 2023-11-14T05:00:00Z Africa's most populous nation is grappling with double-digit inflation, foreign currency shortages, a weakening naira, widespread insecurity and crude oil theft. Nigeria's president signs budget including funds for yacht, bulletproof cars 2023-11-08T05:00:00Z The controversy comes at a time when Mr Tinubu is under intense pressure over the cost-of-living crisis, and a massive fall in the value of Nigeria's currency, the naira, against the dollar. Nigeria's House of Representatives reject plan to buy presidential yacht 2023-11-02T04:00:00Z The ruling will give 71-year-old Tinubu a clear mandate to govern Africa's most populous nation, which is grappling with double-digit inflation, foreign currency shortages, a weakening naira, widespread insecurity and crude oil theft. Nigerian Supreme Court affirms President Tinubu's election win 2023-10-26T04:00:00Z And on the occasions when they do, a few naira notes squeezed into a palm can make someone turn a blind eye. Why Nigeria’s lax attitude to names is causing a fuss 2023-10-21T04:00:00Z "The weakening of the naira was triggered by the central bank's decision to remove trading restrictions on the official market," the World Bank said. Weak currencies force up cost of living in Sub-Saharan Africa 2023-11-14T05:00:00Z In June, the country also abandoned its currency peg allowing it to trade freely, leading to one of the biggest falls in the naira's history. Nigeria's President Tinubu increases wages as national strike looms 2023-10-01T04:00:00Z His economic reforms, including the removal of a costly fuel subsidy and freeing the naira currency, have increased the cost of leaving, angering citizens. Gunmen kill 14, kidnap 60 in attacks in northern Nigeria 2023-09-24T04:00:00Z Emefiele oversaw a much-criticised system of multiple exchange rates used to keep the local naira currency artificially strong and lent directly to businesses to try to boost growth in Africa's biggest economy. Nigeria central bank postpones next week's policy meeting 2023-09-21T04:00:00Z He also ended currency controls, causing the naira to weaken sharply. Nigerian workers strike to force Tinubu to reverse reforms 2023-09-05T04:00:00Z He also lifted currency restrictions, causing the naira to weaken sharply. Nigerian workers strike to demand reversal of Tinubu's reforms 2023-09-05T04:00:00Z Sworn in as president in May, Tinubu’s bid to revamp Nigeria’s economy has led him to introduce some bold measures, which he said would save more money, strengthen the naira currency and attract investors. Nigerian workers walk off the job again to protest rising costs after gas subsidies are removed 2023-09-05T04:00:00Z Mr Tinubu has assured that there are no further plans for petrol prices to rise - which ought to happen as the naira weakened further - all but signalling that the subsidy was back. Lagos traffic jams disappear. But this isn't good news for Nigeria 2023-09-03T04:00:00Z Rate rises cause the dollar to strengthen, in turn devaluing currencies like Nigeria's naira. What a doctor's death in a lift tells us about Africa's debt crisis 2023-08-31T04:00:00Z One culprit for his troubles stands out: The U.S. dollar’s strength against the Nigerian currency, the naira, has pushed the price of garments and other foreign goods beyond the reach of local consumers. Emerging economies are pushing to end the dollar’s dominance. But what’s the alternative? 2023-08-18T04:00:00Z "In a little over two months, we have saved over a trillion naira that would have been squandered on the unproductive fuel subsidy which only benefited smugglers and fraudsters," Tinubu said. Nigeria's Tinubu says scrapping of fuel subsidy has already saved $1.32 bln 2023-07-31T04:00:00Z Nigerians have complained about soaring prices after President Bola Tinubu scrapped a popular petrol subsidy and removed currency restrictions, causing the naira currency to plunge. Nigeria's Adamawa state eases curfew after looting 2023-07-31T04:00:00Z Nigerians have complained about soaring prices after President Bola Tinubu scrapped a popular petrol subsidy and removed currency restrictions, plunging the naira currency. Nigerian governor imposes 24-hour curfew in state over violence and looting 2023-07-30T04:00:00Z He was suspended not long after Bola Tinubu used the address at his May inauguration as president to criticise a key policy spearheaded by Mr Emefiele - the unsuccessful attempt to redesign the currency, the naira. Godwin Emefiele's downfall: How Nigeria's bank boss ended up in court 2023-07-25T04:00:00Z Emefiele was known for using unorthodox policies to keep the country's naira currency artificially strong and lending directly to businesses to try to boost growth. Suspended Nigerian central bank governor denies firearm charges 2023-07-25T04:00:00Z But the loan is not available to all - it is specifically for students that come from homes with an income of less than 500,000 naira annually. Nigeria offers students loans - they want jobs 2023-07-02T04:00:00Z Nigeria has long had a web of multiple exchange rates which it is now trying to untangle, having also devalued its naira currency again last week. Analysis: Dollar drought haunts frontier economies 2023-06-29T04:00:00Z The resulting naira devaluation could accelerate inflation in a country where four in 10 live below the poverty line. Analysis: Nigeria's Tinubu faces daunting hurdles after reform sprint 2023-06-27T04:00:00Z Twice, as the naira wobbled under his watch, Mr Emefiele came up with unconventional methods to stem the slide. Godwin Emefiele's downfall: How Nigeria's bank boss ended up in court 2023-07-25T04:00:00Z The announcement Wednesday from the Central Bank of Nigeria led to a record fall in the value of the naira currency to 755 per U.S. dollar. Nigeria lets market set currency exchange rate to stabilize economy, woo investors 2023-06-15T04:00:00Z In late 2021 when the last government toyed with the idea, it proposed a monthly cash advance of 5,000 naira to poor Nigerians to cover transport fares. Nigeria's fuel subsidy: How the new president has shocked the nation 2023-05-31T04:00:00Z He inherits a struggling economy with record debt, shortages of foreign exchange and fuel, a weak naira currency, near two-decades-high inflation, skeletal power supplies and falling oil production due to crude theft and underinvestment. Nigeria's Tinubu gets his turn as president, familiar problems await 2023-05-29T04:00:00Z This keeps the naira artificially high - the official exchange rate is 460 naira: $1, available to different categories of people who have to apply and wait till it is available. Bola Tinubu inauguration: The five tests awaiting Nigeria's new president 2023-05-26T04:00:00Z An otherwise rudimentary exercise descended into chaos as scarcity of the new naira notes, which have now almost disappeared, resulted in untold hardship for millions in the country who relied on cash for basic needs. Nigeria's Muhammadu Buhari leaves legacy of kidnapping, inflation and debt 2023-05-20T04:00:00Z The central bank last month hiked its main lending rate by 50 basis points to 18%, citing continued price pressures and a weakening naira currency. Nigeria inflation quickens to 22.04% in March 2023-04-15T04:00:00Z Nigeria's Supreme Court has ruled that old banknotes remain legal tender until the end of the year, bringing relief to millions affected by a chaotic redesign of the naira notes. Nigeria's Supreme Court rules CBN naira redesign invalid 2023-03-03T05:00:00Z The country’s central bank started issuing newly designed naira notes late last year, in an effort to crack down on counterfeit notes and reduce the amount of money circulating outside the banking system. Africa’s largest economy is running out of cash. Here’s why. 2023-03-02T05:00:00Z After officials in November announced the decision to redesign Nigeria’s currency, the naira, new bills have been slow to circulate. Nigeria voters still lining up after voting was due to close 2023-02-25T05:00:00Z The police also asserted that Mr. Igwe, a representative in the southern city of Port Harcourt, was found not with the national currency, naira, but with large piles of American $100 bills in his car. Nigerian Politician Arrested With Nearly $500,000 on Eve of Election, Police Say 2023-02-24T05:00:00Z Although she had money in her bank account and a bank card, sellers at the market demanded payment in cash, which is in short supply after the central bank withdrew old naira bills from circulation. Ahead of Nigeria elections, residents stock-up on food, essentials 2023-02-24T05:00:00Z It said there was nothing to show that President Buhari's directive for the release of old 200 naira notes until 10 April was implemented. Nigeria's Supreme Court rules CBN naira redesign invalid 2023-03-03T05:00:00Z Still, the shortage is so significant that banks are rationing their cash and usually disbursing only between 2,000 and 5,000 naira to each person at counters and ATMs. Africa’s largest economy is running out of cash. Here’s why. 2023-03-02T05:00:00Z Authorities announced the switch to a new naira note in November, but the switch has led to shortfalls of bank notes nationwide. Nigeria lawmaker arrested with nearly $500K ahead of vote 2023-02-24T05:00:00Z The government decided last year to replace its currency with new notes, in part to prevent politicians from stockpiling naira to buy votes. Nigerian Politician Arrested With Nearly $500,000 on Eve of Election, Police Say 2023-02-24T05:00:00Z Unemployment and inflation are high, while the currency, the naira, has plummeted. Opinion | Nigeria’s election offers the country a chance at a reset 2023-02-23T05:00:00Z Sixteen Nigerian states had challenged the redesign of the 200, 500, and 1,000 naira notes, saying that the deadline was too tight. Nigeria's Supreme Court rules CBN naira redesign invalid 2023-03-03T05:00:00Z Eighty-five percent of naira are being used outside the commercial banking system, Emefiele said in October, adding that the circulating currency has more than doubled in the last 8 years. Africa’s largest economy is running out of cash. Here’s why. 2023-03-02T05:00:00Z Authorities announced in November that they were replacing Nigeria’s currency, the naira, with new, redesigned notes for the first time in nearly two decades. Nigeria presses ahead with vote amid cash shortage crisis 2023-02-23T05:00:00Z Last week, Buhari ordered the central bank to allow old 200 naira notes to be returned into circulation along with the new notes for another 60 days but that has not ended the cash shortages. Nigerian states sue over withdrawal of old banknotes before elections 2023-02-22T05:00:00Z Authorities are struggling to replace Nigeria’s old currency with new notes, the first time in nearly 20 years that the naira is being redesigned. Could Nigeria’s cash shortage hurt the presidential vote? 2023-02-23T05:00:00Z Many have slept outside cash machines and banks waiting to get the new naira notes which are in short supply in a country where many rely on cash. Nigeria elections 2023: Young people pin their hopes on presidential outsider 2023-02-22T05:00:00Z The naira has not been redesigned for two decades. Africa’s largest economy is running out of cash. Here’s why. 2023-03-02T05:00:00Z That time, he gave Nigerians less than two weeks to exchange their naira. Nigeria’s Cash Crunch Causes Chaos and Suffering Before Crucial Election 2023-02-22T05:00:00Z Customers are waiting all day at banks and ATMs to withdraw only enough money — called naira — to last a day. Nigerian cash crisis brings pain: ‘Everything is just tough’ 2023-02-18T05:00:00Z Buhari, the president, has directed that the 200 naira notes can be used until April 10, but they have always been scarce and rarely used. Could Nigeria’s cash shortage hurt the presidential vote? 2023-02-23T05:00:00Z “Unscrupulous officials in the banking industry” sabotaging the court-contested monetary policy by hoarding new currency notes must be prosecuted, said Buhari, who extended the use of the old 200 naira note until April 10. Nigerian leader defends currency swap as pain, protests grow 2023-02-16T05:00:00Z The cash crunch comes amid a grim economic outlook, with the naira at an all-time low against the dollar. Africa’s largest economy is running out of cash. Here’s why. 2023-03-02T05:00:00Z How severe the shortage of new naira is this time is unclear. Nigeria’s Cash Crunch Causes Chaos and Suffering Before Crucial Election 2023-02-22T05:00:00Z Experts blame policymakers for a “rushed” introduction of the new naira notes. Nigerian cash crisis brings pain: ‘Everything is just tough’ 2023-02-18T05:00:00Z Central bank spokesman Osita Nwanisobi insisted Tuesday that only the 200 naira notes will stay in use but didn’t offer details on efforts to ramp up the supply of cash to banks. Could Nigeria’s cash shortage hurt the presidential vote? 2023-02-23T05:00:00Z He also said that the old 500 and 1,000 naira notes could be exchanged at the central bank and other designated places until 10 April - the previous deadline had expired on 10 February. Nigeria's naira shortage: President Buhari extends use of old notes 2023-02-16T05:00:00Z Frustration has been building for weeks after a shortage of the newly designed naira notes led to a lack of cash. Nigeria's naira shortage: Banks attacked in Warri and Benin City 2023-02-15T05:00:00Z Most Nigerians turned in their old currency, called the naira, as they were told to do in October by the Central Bank of Nigeria. Nigeria’s Cash Crunch Causes Chaos and Suffering Before Crucial Election 2023-02-22T05:00:00Z However, unreliable digital payment platforms have forced many businesses to use paper naira. Nigerian cash crisis brings pain: ‘Everything is just tough’ 2023-02-18T05:00:00Z As a consequence, the lack of new naira notes has hit those who primarily deal with cash day-to-day, like market sellers and hawkers. Nigeria's naira shortage: Anger and chaos outside banks 2023-02-13T05:00:00Z They are a stark example of the economic hardships that have dogged Nigeria for years, including surging inflation, widespread unemployment and acute shortages of foreign exchange that have severely weakened the naira currency. Fuel and cash shortages rile Nigerian voters heading into election 2023-02-09T05:00:00Z With the announcement of the switch and an original Jan. 31 deadline that was then extended to Friday, the CBN has brought back 1.9 trillion naira into the banking system. Nigerian plan to switch currency delayed after shortage of new banknotes causes chaos at ATMs 2023-02-08T05:00:00Z A construction worker who earns around 9,000 naira daily, he had spent hours searching for cash to send home to his parents, who were running out of food. Nigeria’s Cash Crunch Causes Chaos and Suffering Before Crucial Election 2023-02-22T05:00:00Z Many banks have not had enough of the new naira notes, leading to desperate and chaotic scenes as people tried to get their hands on them. Nigeria's naira crisis: Supreme Court suspends banknote deadline 2023-02-08T05:00:00Z He promises to triple power generation, dismantle a multiple-rate naira exchange rate regime, gradually wean the economy off its reliance on oil by ramping up agriculture output and exports, and better fund the military. Factbox: The candidates contesting Nigeria's presidential election 2023-02-06T05:00:00Z The naira currency plunged to record lows as unprecedented oil theft knocked crude exports last year, and endemic corruption remains a scourge. Factbox: Nigeria's election: when is the vote and what's at stake 2023-02-01T05:00:00Z One bank manager was arrested by Nigerian authorities this week for refusing to disburse new naira notes despite having them on hand. Nigerian plan to switch currency delayed after shortage of new banknotes causes chaos at ATMs 2023-02-08T05:00:00Z But every P.O.S. operator was demanding 30 percent — 1,500 naira — a huge jump from the usual fee of 100 naira. Nigeria’s Cash Crunch Causes Chaos and Suffering Before Crucial Election 2023-02-22T05:00:00Z The move is an attempt to reignite confidence in the currency, the naira, which is under severe pressure. Nigeria cost-of-living crisis sparks exodus of doctors 2023-01-30T05:00:00Z The redesign of the higher denomination naira notes has been heavily criticised with analysts saying six weeks was not enough time for Africa's most-populous country to phase out the old currency. Nigeria extends deadline to exchange old cash 2023-01-29T05:00:00Z About 1.3 trillion naira in old notes has been deposited into the bank since the announcement in October, the bank said this week. Nigeria's Atiku joins calls to extend deadline on old banknotes 2023-01-28T05:00:00Z The initial government plan was for old naira notes to be null and void after Friday. Nigerian plan to switch currency delayed after shortage of new banknotes causes chaos at ATMs 2023-02-08T05:00:00Z But some analysts, politicians and dozens of Nigerian voters said that the real reason was to stem vote buying by foiling politicians who had stockpiled naira ahead of election day. Nigeria’s Cash Crunch Causes Chaos and Suffering Before Crucial Election 2023-02-22T05:00:00Z The 1,000 naira note has changed from brown to blue; the 500 from purple to green and the 200 from brown and blue to pink. Nigeria's cash crunch: Hunting out savings from under mattresses 2023-01-11T05:00:00Z Nigeria's anti-corruption agency said in a statement on Wednesday that "billions of naira" had been diverted. 'I have no business with fraud' - Nigerian star D'banj 2022-12-10T05:00:00Z Nigeria's anti-corruption agencies said in a statement on Wednesday that "billions of naira" had been diverted. D'banj: Nigeria Afrobeats star arrested for youth fund fraud 2022-12-07T05:00:00Z Shortages of the new naira notes left Nigerians without the means to fulfill their daily needs, sparking protests. Nigerian plan to switch currency delayed after shortage of new banknotes causes chaos at ATMs 2023-02-08T05:00:00Z The anti-establishment candidate for Nigeria's presidency will reform its system of costly subsidies and unify the local naira currency's multiple exchange rates if elected in February, his manifesto released on Sunday showed. Analysis: South Africa's Ramaphosa still ANC's best hope despite scandal 2022-12-07T05:00:00Z And changing the colour of the naira is unlikely to deter kidnapping for ransom, which is prevalent in many parts of the country. Nigeria's cash crunch: Hunting out savings from under mattresses 2023-01-11T05:00:00Z Nigeria is facing severe dollar shortages, forcing many citizens and business to seek forex on the black market, where the naira currency has progressively weakened. Emirates suspends Nigerian flights again over trapped ticket sales 2022-11-03T04:00:00Z A Tinubu government would also review the existing exchange rate regime that has seen the premium between the naira's official and parallel rate widen this year. Nigeria's Tinubu: Will remove fuel subsidy, deregulate gas prices if elected 2022-10-21T04:00:00Z President Muhammadu Buhari unveiled the new currency plan last November in an attempt to rein in counterfeiting with new security measures and to recoup the millions of naira kept by Nigerian citizens outside of banks. Nigerian plan to switch currency delayed after shortage of new banknotes causes chaos at ATMs 2023-02-08T05:00:00Z In Lagos, Nigeria's frenetic commercial capital, galloping inflation and a plunging naira have pummeled his salary. Frustrated Nigerians 'flee' abroad in punishing pre-election brain drain 2022-10-18T04:00:00Z Obi said he is finalising specifics of his platform - such as how he would handle the tightly controlled naira currency or deal crippling fuel subsidies. Meet the man rallying "Obi-dients" to shake up Nigeria's election 2022-08-23T04:00:00Z Last week, the naira's black market value versus the dollar dropped to a record low. Emirates plans to reduce Nigeria service due to trapped revenue - letter 2022-08-01T04:00:00Z His mother - seized while travelling to her home village, also in Kaduna state - was freed after he paid 300,000 naira. Nigeria's kidnapping crisis: Should ransom payments be banned? 2022-05-25T04:00:00Z As of last October, only 500 billion naira were within the banks, out of the 3.23 trillion total naira in circulation. Nigerian plan to switch currency delayed after shortage of new banknotes causes chaos at ATMs 2023-02-08T05:00:00Z In Lagos, Nigeria's frenetic commercial capital, galloping inflation and a plunging naira have pummeled his salary. Frustrated Nigerians 'flee' abroad in punishing pre-election brain drain 2022-10-18T04:00:00Z Passengers in Nigeria pay for fares in naira, the local currency that has been devaluing. Nigerian airlines to halt domestic flights over jet fuel hikes 2022-05-07T04:00:00Z For the 100 naira a day fee they pay, students are given uniforms, books, lunch and girls are given sanitary pads once a month. For 25 cents a day, poor Nigerians get a shot at science education 2022-03-22T04:00:00Z In a rare success, police earlier this month announced the arrest of two alleged masterminds of the abduction of a group of university students whose parents reportedly paid 200m naira for their release. Nigeria's kidnapping crisis: Should ransom payments be banned? 2022-05-25T04:00:00Z The naira notes that supposedly appear "are gotten by spirits from existing banks", he told the BBC. The hunt for Nigerians who can change into cats 2022-03-20T04:00:00Z Some are alarmed by the plummeting value of the naira currency. The Nigerians hoping to check out of their country 2022-02-28T05:00:00Z For someone on a monthly salary of 300,000 naira that is extremely difficult. Nigeria's renters may no longer have to pay a year in advance 2022-02-06T05:00:00Z Last year's crash in the price of oil, which accounts for more than 90% of its foreign exchange, led to acute shortages of forex and put pressure on the naira currency. Little cheer as high prices dampen Christmas in Nigeria 2021-12-23T05:00:00Z Yet that is why some are taking the new directives seriously - the prospect of losing millions of naira for the second December in a row is one they can't stomach. Lagos party plans threatened by Nigeria Covid passports 2021-12-17T05:00:00Z MTN listed its Nigerian business in Lagos two years ago at 90 naira each to become the second-largest stock by market capitalisation. MTN Nigeria drops 10% after low IPO pricing 2021-12-01T05:00:00Z Today, you need 572 naira to buy a dollar on the black market. The Nigerians hoping to check out of their country 2022-02-28T05:00:00Z A man carries Nigerian naira banknotes at a livestock market in Abuja, Nigeria July 29, 2020. Sub-Saharan Africa to see mixed economic recovery into 2022 2021-10-27T04:00:00Z Some 200 million nairas' worth of eNaira, which will maintain parity with the traditional currency, has been issued to financial institutions, he said. Nigeria launches eNaira amid hope, scepticism - and plenty of uncertainty 2021-10-25T04:00:00Z Nigerians are turning to crypto for business, to protect their savings as the naira loses value, and to send payments abroad because it is often hard to obtain U.S. dollars, experts and users told Reuters. Crypto trading thrives in Nigeria despite official disapproval 2021-10-12T04:00:00Z Together, with the help of friends, relatives and strangers, the people of Tegina said they raised 30 million naira. Desperate Nigerians sell homes and land to free kidnapped children 2021-08-24T04:00:00Z "But as long as it is in naira, whatever savings I accumulate, no matter how much, could mean nothing tomorrow." The Nigerians hoping to check out of their country 2022-02-28T05:00:00Z Marco Hernandez, the World Bank's lead economist for Nigeria, said the weakening naira, trade restrictions and land border closures targeting smuggling also boosted prices. Pandemic disruptions push millions of Nigerians into hunger 2021-07-15T04:00:00Z But some of what drove Nigeria's enthusiastic adoption of cryptocurrencies was the Central Bank's own shifting rules regarding accessing foreign currency - and the naira's plunging value on parallel markets that saw savings shrink. Nigeria launches eNaira amid hope, scepticism - and plenty of uncertainty 2021-10-25T04:00:00Z “The naira is digressing and we are trying to keep the value of the art,” he said, calling crypto “the currency where people don’t think that I am paying too much or too less”. Crypto trading thrives in Nigeria despite official disapproval 2021-10-12T04:00:00Z Other factors include border closures during the pandemic, designed to stop smuggling of goods including rice, and the devaluation of Nigeria’s currency, the naira. Surging global food prices put staple meals out of reach, from Nigerian jollof rice to Russian pasta and Argentine steak 2021-07-04T04:00:00Z Parliament’s minority caucus warned the suspension was costing Nigerians “billions of naira on a daily basis.” Nigeria's Twitter ban leaves some businesses in the lurch 2021-06-14T04:00:00Z One source says his bank account was frozen two weeks ago with tens of thousands of naira in it. Cryptocurrencies: Why Nigeria is a global leader in Bitcoin trade 2021-02-27T05:00:00Z More than 150 years after her death, it is Ajami Hausa, not Arabic, that is on the naira notes. Letter from Africa: Culture clash over Nigeria's rival alphabets 2020-11-14T05:00:00Z The online consultations cost 10,000 naira each - half the cost of an in-person examination. Health tech pins hope on Africa's pandemic shift to online care 2020-09-07T04:00:00Z With the naira still volatile and a partial lockdown still in place, three business owners in the commercial hub of Lagos explain how they are coping. Nigerians' double blow: Currency woes and Covid-19 2020-08-02T04:00:00Z Former President Goodluck Jonathan, a Christian from Nigeria's south, invested billions of naira in building almajiri schools in the north that incorporated Islamic and secular education. Child beggars at the centre of Nigeria's virus outbreak 2020-05-15T04:00:00Z The Central Bank of Nigeria devalued the currency, the naira, by 24% last year. Cryptocurrencies: Why Nigeria is a global leader in Bitcoin trade 2021-02-27T05:00:00Z The row first began a decade ago when, to commemorate Nigeria's 50th anniversary, the 50 naira note was redesigned. Letter from Africa: Culture clash over Nigeria's rival alphabets 2020-11-14T05:00:00Z I’m so sure naira Marley does not stay in Amen Estate with her. Nigeria actress under fire for party amid lockdown 2020-04-05T04:00:00Z It would be a disaster - I would need more naira to pay expatriate staff in my establishment. Nigerians' double blow: Currency woes and Covid-19 2020-08-02T04:00:00Z In a statement issued late on Wednesday, the company said it planned a capital investment program of $1.6 billion, or roughly 580 billion naira, over three years in its network and operations in Nigeria. Telecoms firm MTN to invest $1.6 billion in Nigeria: statement 2020-01-30T05:00:00Z The judge granted each man bail on Wednesday, as long as he could pay 500,000 naira, or about $1,634, and hearings will resume Dec. 11. Dozens of Nigerian men are on trial for same-sex displays of affection. They could face a decade in jail. 2019-11-28T05:00:00Z Four years later for the centenary of the country's creation, the 100 naira too was updated. Letter from Africa: Culture clash over Nigeria's rival alphabets 2020-11-14T05:00:00Z The recession is over but growth remains slow, and the president was criticized for hurting the currency, the naira, with overly protective measures. A look at Nigeria’s president as he secures a 2nd term 2019-02-26T05:00:00Z The recession is over but growth remains slow, and the president was criticized for hurting the currency, the naira, with overly protective measures. A look at Nigeria’s president as he secures a 2nd term 2019-02-26T05:00:00Z That donation raised eyebrows because it is well over the donation limit of 1 million naira. In Nigeria, election spectacle at odds with rampant poverty 2019-02-15T05:00:00Z To reach the targeted 15% of the national budget, the president would need to more than double the current funding package to 1.3tn naira, or reduce expenditure elsewhere. Do Nigeria's campaign promises stack up? 2019-02-14T05:00:00Z In the 2015 presidential election, Jonathan’s national security adviser spent billions of naira employing marabouts – Muslim holy men – from Saudi Arabia and north Africa to pray for his reelection, according to Nigerian media. Gospel glamour: how Nigeria's pastors wield political power 2019-02-13T05:00:00Z The bulk of power company costs are in U.S. dollars but customers pay for power in naira. Exclusive: Nigerian energy sector's crippling debts delay next... 2018-12-21T05:00:00Z Without sponsorships, the league relies on selling tickets — usually less than 500 naira each — to fund the clubs. These boxers fight with cords wrapped around their fists and crowds love it 2018-09-21T04:00:00Z Last year when Mr Buhari went on medical leave, his deputy took some far-reaching economic measures to prop up the country's currency, the naira. Why Nigeria's favourite leader won't become president - yet 2018-08-18T04:00:00Z Without sponsorships, the league relies on selling tickets — usually less than 500 naira, or about $1.40, each — to fund the clubs. These Boxers Fight With Cords Wrapped Around Their Fists. Crowds Love It. 2018-08-12T04:00:00Z Artists lose millions of naira, the local currency, as a result of the illegal distribution of CDs. Eyeing big money in Nigerian music 2018-08-07T04:00:00Z Last year the West African country issued a maiden 10.69 billion naira green bond with a five-year tenor to fund projects to develop renewable energy. Nigeria to devise green bond issuance program by end 2018 2018-07-20T04:00:00Z I couldn’t even sell all of the cake I made today to make up to 400 naira. 'I'm tired of the suffering': how poverty-stricken families struggle to survive in Nigeria | Isaac Linus 2018-07-16T04:00:00Z So he asked the Central Bank to inject millions of dollars into the market to help stabilise the naira on the foreign-exchange market. Why Nigeria's favourite leader won't become president - yet 2018-08-18T04:00:00Z He said he started gambling three months ago and bets up to 1,000 naira a day. Online betting firms gamble on soccer-mad Nigeria 2018-06-25T04:00:00Z Just a month ago, drug dealers were selling codeine cough syrup on the street for up to 3,000 naira. Nigeria raids over cough syrup addiction 2018-05-03T04:00:00Z Smuggled rice, on the other hand, was being sold in urban markets for 12,500 naira a bag. Nigeria hopes high tariffs will make it grow more rice 2018-03-15T04:00:00Z The family survives on a dollar a day, or about 350 naira. Living on Scraps, Boy Who Fled Boko Haram Yearns to Heal the Poor 2017-11-26T05:00:00Z She says she pays a very low rent for her little lock-up shop and can make up to 10,000 naira a day in profit – much more when a convention is on. Eat, pray, live: the Lagos megachurches building their very own cities 2017-09-11T04:00:00Z Faced with an overpriced currency investors held back, waiting for the naira to fall. The return of the resource curse 2017-06-01T04:00:00Z The cash, in the local naira currency, was found near Kaduna airport's check-in and was still in sealed packs. Bundles of banknotes seized at Nigeria's Kaduna airport - BBC News 2017-03-15T04:00:00Z The central bank also devalued the naira for retail customers, suggesting a wider devaluation of the currency may be in the offing despite Buhari’s entrenched opposition to such a move. Nigerian president says he needs more rest, fuelling health rumours 2017-03-10T05:00:00Z But it was overtaken again last year because of falling oil prices and the subsequent devaluation of its currency, the naira. A row about a reality show reveals how hard it is to do business in Nigeria 2017-02-07T05:00:00Z Isaac invested 50,000 naira in the scheme and got his returns. Nigeria's MMM Ponzi scheme: Will investors get their money? - BBC News 2016-12-16T05:00:00Z Concern was raised about the doubling of the price of food items and the more than 50% fall in the value of the naira. Letter from Africa: What has gone wrong for Nigeria's President Buhari? - BBC News 2016-12-07T05:00:00Z With two houses on each property and seven other players orbiting the board, Elizabeth sat back and watched her fortune grow to more than 17,000 naira. Monopoly Tournament in Nigeria Mirrors Chaos of the Real-Life Property Market 2016-10-18T04:00:00Z Mr Onunkwo believes the key to their success was that they ensured any loans they took were in the local currency, the naira, and not dollar loans. Younger than Nigeria but beating the recession - BBC News 2016-09-30T04:00:00Z He then pulls them around Yaba, his new neighbourhood, on a cart, selling each one for 25 naira. Left behind 2016-09-15T04:00:00Z Nigeria, Africa's largest economy, is suffering its worst financial crisis in decades as a slump in oil revenues hammers public finances and the naira. Nigeria central bank suspends nine banks from FX market, sources say 2016-08-23T04:00:00Z Falling oil revenues have hit public finances and the value of the naira, Nigeria's currency. Kerry commits to more military aid to Nigeria, U.S. official says 2016-08-23T04:00:00Z Following enormous pressure, the government changed tack this summer, allowing the naira to float. Nigerian economy slips into recession - BBC News 2016-08-31T04:00:00Z It is now easier to convert naira into euros or dollars. Heineken: How to Survive a Massive Currency Devaluation 2016-08-01T04:00:00Z The 18-storey monstrosity cost the governor 6 billion naira before he shelved it. Running out of road 2016-07-28T04:00:00Z The bank floated the currency in June to attract investment, allowing the naira to fall by 40 percent against the dollar. Nigeria central bank suspends nine banks from FX market, sources say 2016-08-23T04:00:00Z "The naira is going to sink further, and it's a formula for a disaster," says Steve Hanke, professor of applied economics at The Johns Hopkins University. Investments in Nigeria Are Going Nowhere Anytime Soon 2016-07-12T04:00:00Z On June 20th Nigeria did just that, allowing the naira to depreciate by 30% in a single day. Lending at $47 a barrel 2016-07-07T04:00:00Z The naira plummeted more than 40% on its first day of trading after the announcement. Heineken: How to Survive a Massive Currency Devaluation 2016-08-01T04:00:00Z In just one mysterious transaction, Imo decided that 2 billion naira might be put to best use on the government accommodation account. Running out of road 2016-07-28T04:00:00Z With one eye on the petrol price, it is likely to kick start the market at a rate that keeps petrol prices stable i.e. somewhere below 285 naira to $1. Five ways Nigeria’s currency flotation will affect life - BBC News 2016-06-19T04:00:00Z "Because the naira is now weaker, Nigeria will become more attractive to investors," says Giyas Gokkent, senior economist at the Institute for International Finance. Investments in Nigeria Are Going Nowhere Anytime Soon 2016-07-12T04:00:00Z If the naira weakens much further, it may harm their creditworthiness. Lending at $47 a barrel 2016-07-07T04:00:00Z Despite the central bank’s best efforts to defend the peg of 197 naira to the dollar, it continued its slide on the black market, where a dollar costs more than 360 naira. Free at last 2016-06-16T04:00:00Z Last month Nigeria’s finance minister agreed to lend the states 90 billion naira, provided they start publishing audited accounts. Running out of road 2016-07-28T04:00:00Z Last month, petrol subsidies were removed and a new price band of 130 naira to 145 naira per litre was recommended by the government. Five ways Nigeria’s currency flotation will affect life - BBC News 2016-06-19T04:00:00Z The black market exchange rate has shot to around 370 naira to the dollar after the central bank choked off most legal channels for procuring greenbacks. Nigeria Central Bank Drops Foreign-Exchange Peg 2016-06-15T04:00:00Z Nigeria says it will allow the embattled naira to trade freely in a move to control the currency crisis in Africa's most populous nation. Nigeria uncouples naira from dollar to combat currency crisis - BBC News 2016-06-15T04:00:00Z If the currency is allowed to find its natural home, it may settle somewhere between 280 and 350 naira to the dollar, traders reckon. Free at last 2016-06-16T04:00:00Z For months, investors have asked Mr. Emefiele to devalue the naira, which would allow the central bank to stop rationing dollars, and help businesses import the supplies they need. Nigeria’s Central Bank Governor Warns of ‘Imminent’ Recession 2016-05-24T04:00:00Z Nigeria is allowing its struggling currency, the naira, to trade freely in a move to tackle the financial crisis in Africa's most populous nation. Five ways Nigeria’s currency flotation will affect life - BBC News 2016-06-19T04:00:00Z Economists have long argued that holding the naira’s value unnaturally high was only making critical imports like fuel and food even more scarce. Nigeria Central Bank Drops Foreign-Exchange Peg 2016-06-15T04:00:00Z The currency fix was introduced in February of 2015 to stop the naira from falling when lower oil prices sparked trouble for Nigeria's economy. Nigeria uncouples naira from dollar to combat currency crisis - BBC News 2016-06-15T04:00:00Z "The signing of the budget today will trigger concerted efforts to reflate the Nigerian economy, a key element of which is an immediate injection of 350bn naira into the economy by way of capital projects." Nigeria's president finally signs long-delayed budget - BBC News 2016-05-06T04:00:00Z To ease the pain, the bank will now allow the naira to float at a more flexible rate. Nigeria’s Central Bank Governor Warns of ‘Imminent’ Recession 2016-05-24T04:00:00Z Dropping oil prices mean there is less money around for investment and the value of the naira is falling rapidly. 'We are not criminals' Nigerians tell their president - BBC News 2016-02-09T05:00:00Z The country is also under pressure to devalue the currency, the naira, as it tries to cope with the impact of the declining oil price. Nigeria seeking World Bank loan - BBC News 2016-02-01T05:00:00Z Third, it is trying to suppress inflation by keeping the currency, the naira, pegged at 197-199 to the dollar. Crude tactics 2016-01-28T05:00:00Z Nigeria’s currency, the naira, collapsed to record lows this month after Nigeria’s central bank placed restrictions on the sale of American dollars to protect its shrinking foreign reserves. African Economies, and Hopes for New Era, Are Shaken by China 2016-01-25T05:00:00Z But the governor didn’t specify how flexible the new exchange-rate policy would be or say whether he would try to keep the naira trading against the dollar within a certain range. Nigeria’s Central Bank Governor Warns of ‘Imminent’ Recession 2016-05-24T04:00:00Z Investors believe other currencies, including the Egyptian pound, Nigerian naira and Venezuelan bolivar all may be at risk for devaluations, to various degrees. China Fears Rattle Hong Kong Dollar 2016-01-14T05:00:00Z In Africa’s largest economy, Nigeria, the naira is only stable at about 200 to the dollar thanks to a currency peg economists have implored authorities to abandon. South African Rand Collapses, Underscoring Threats to Continent’s Currencies 2016-01-11T05:00:00Z The risk is that analysts believe the level of that peg is too high, which could mean another devaluation of the naira if low oil prices persist throughout 2016. Africa's economic prospects in 2016: Looking for silver linings - BBC News 2016-01-08T05:00:00Z The currency fell to about 300 naira to the dollar in Nigeria’s black market, down from about 240 early last month. African Economies, and Hopes for New Era, Are Shaken by China 2016-01-25T05:00:00Z The president also reiterated his belief that Nigeria’s currency should not be devalued further, despite the central bank’s growing struggles to keep the naira at current levels. Nigerian president: we have firm evidence of oil corruption 2015-12-30T05:00:00Z While other major oil producing economies have let their currencies lose value along with oil prices, Nigeria has spent its reserves to prop up the value of the naira. Recession, retrenchment, revolution? Impact of low crude prices on oil powers 2015-12-30T05:00:00Z Oil’s decline sent the value of the naira, Nigeria’s currency, sharply lower at the start of the year. African Firms Hit by Dollar Shortages 2015-12-23T05:00:00Z In Nigeria last year, the central bank introduced foreign exchange controls to try and support the naira, creating a de facto peg for the naira against the US dollar. Africa's economic prospects in 2016: Looking for silver linings - BBC News 2016-01-08T05:00:00Z The tumbling naira and China’s downturn are also reverberating across private businesses, large and small. African Economies, and Hopes for New Era, Are Shaken by China 2016-01-25T05:00:00Z After a long day, he is left with 5,000 naira for him and his conductor. Life in the slow lane: the massive cost of Lagos congestion 2015-12-17T05:00:00Z Nigeria has imposed similar restrictions and frozen its exchange rate at around 200 naira to the dollar. Fed Has Africa’s Central Bankers in Tight Spot 2015-12-11T05:00:00Z In March, the Central Bank of Nigeria fixed its exchange rate at around 199 naira to the dollar. African Firms Hit by Dollar Shortages 2015-12-23T05:00:00Z Firms will struggle to repay those dollars with devalued roubles or naira. Stressful times 2015-12-03T05:00:00Z Investors and business people may be disappointed as Adeosun backed current fiscal policy against devaluing Nigeria's beleaguered naira currency, speaking at her Senate vetting last month. President Muhammadu Buhari swears in new Cabinet viewed as strategically chosen 2015-11-11T05:00:00Z At the IMF meeting that ended in Peru this week she called for Nigeria to leave the naira to the marketplace. IMF calls for Nigeria to allow its troubled naira currency to continue to drop 2015-10-21T04:00:00Z Mr Emefiele’s efforts to prop up the naira also look counterproductive. Wheelbarrows to the rescue 2015-08-27T04:00:00Z Nigeria’s naira is under fire following Kazakhstan’s move, and Nigeria’s central bank vowed to fight off speculative attacks on its currency. Oil Price Collapse Triggers Currency Crisis in Emerging Markets 2015-08-24T04:00:00Z ‘I don’t think the Central Bank of Nigeria’s decision to defend the naira is working.’ Nigerian Central Bank Keeps Key Rate at Record High 2015-07-24T04:00:00Z Buhari at the end of May inherited an economy in shambles, with government revenue nearly halved by weak oil prices and the naira currency losing a third of its value. Nigerian leader approves $2 billion bailout to resolve crisis, state workers unpaid for months 2015-07-07T04:00:00Z Instead of allowing the naira to devalue, the central bank is trying to defend it by blocking imports. Toothpick alert 2015-07-02T04:00:00Z That would prompt many foreigners to sell, raising borrowing costs and putting the naira under more pressure. Wheelbarrows to the rescue 2015-08-27T04:00:00Z The naira, which was trading at 198.50 to the dollar on the interbank market, was reported to be trading close to 220 on the black market in the commercial capital, Lagos, on Wednesday. Nigeria tightens controls on foreign exchange - BBC News 2015-06-24T04:00:00Z This time last year, the central bank kept the naira at around 160 to the dollar. Nigerian Central Bank Keeps Key Rate at Record High 2015-07-24T04:00:00Z But the folks back home do not really care as long as the foreign exchange continues to arrive - currencies superlatively muscular against the increasingly weak Nigerian naira. Why visa rejections do not halt Nigerian migrants - BBC News 2015-06-16T04:00:00Z The suspects allegedly filled boxes supposed to contain damaged currency with bits of newspaper cut into the shape of naira notes. Nigeria's Central Bank currency scam - BBC News 2015-06-01T04:00:00Z The commission said the officials allowed greed and materialism to cloud their judgment when they helped themselves to huge quantities of defaced naira notes. Nigerian central bank officials arrested in alleged $40-million scam 2015-06-01T04:00:00Z The suspects stole "tonnes of defaced naira notes", which were meant to be destroyed, it said on its website. Nigeria's EFCC arrests top bankers over 'mega scam' - BBC News 2015-06-01T04:00:00Z “I don’t think the Central Bank of Nigeria’s decision to defend the naira is working,” said Seun Olanipekun, a research analyst at Investment One Financial Services in Lagos, Nigeria’s commercial capital. Nigerian Central Bank Keeps Key Rate at Record High 2015-07-24T04:00:00Z He made no mention of the naira currency, which economists say may be heading for another devaluation. New Nigerian president seeks to crush 'godless' Boko Haram 2015-05-29T04:00:00Z Despite the devaluation of the naira, Nigerians are not paying more for food, and this is because agriculture is working. Nigeria Learns That Democracy Is Good For Business 2015-05-15T04:00:00Z The naira also held steady at 218 against the dollar on the black market. Nigeria's Buhari wins historic election landslide 2015-03-31T04:00:00Z The naira traded at 218 against the dollar on the black market, roughly in line with its levels before the election. Opposition Leader Muhammadu Buhari Builds Two-Million Vote Lead in Nigeria Election 2015-03-30T04:00:00Z Now we typically provide one bag of maize and 200 naira, which is about $1. Aid for hundreds of thousands of displaced Nigerians is running out 2015-03-27T04:00:00Z The Nigerian naira dropped 19% as the oil markets and the nation’s own political and security woes worsened. How The Strong Dollar Sank Foreign Billionaires In 2015 2015-03-05T05:00:00Z The election winner will face immense economic challenges with the drop in the oil price and the depreciating currency, the naira. Soyinka on Nigeria's 'cycle of evil' 2015-02-16T05:00:00Z Nigeria’s currency, the naira, weakened sharply Monday as the political maneuver fueled fears that the election could end in chaos and violence. Nigerians pledge no more election delays amid clashes with militants 2015-02-09T05:00:00Z For the first time since 1999, Nigeria's government revenue is shrinking and the value of the national currency, the naira, is falling. Nigeria elections: Mapping a nation divided 2015-02-08T05:00:00Z Speculators are betting on further falls in the naira by buying foreign currency in the hope that they will be able to buy more when they reconvert their money back. Nigeria in new bid to defend naira 2014-12-19T05:00:00Z The naira currency slid to nearly 190 to the dollar Friday after an 8 percent devaluation earlier in December. Nigerian budget slashed by slumping oil prices 2014-12-17T05:00:00Z Consequently, the naira is expected to fall a lot further. How to destroy a currency, Russian style 2014-12-03T05:00:00Z Malaysia's oil-dependent ringgit also suffered heavy losses, while the yen hit a seven-year low against the dollar and Nigeria's naira was down 2% to a new record low against the greenback. Rouble reels as oil price slides 2014-12-01T05:00:00Z Nigeria’s currency, the naira, is diving; the central bank is shedding foreign-exchange reserves in its defence. Well below par 2014-11-27T05:00:00Z The naira hit record lows this week of more than 187 against the dollar. Nigeria in new bid to defend naira 2014-12-19T05:00:00Z The bank moved the target band of the currency to 160-176 naira to the US dollar, compared with 150-160 naira previously. Nigeria devalues currency on low oil 2014-11-25T05:00:00Z The price of Nestlé’s Maggi stock cubes is stuck at three for 10 naira. Africa’s testing ground 2014-08-21T04:00:00Z Elections next year could become a worry if they affect the naira exchange rate to the dollar and interest rates. Foreign investors shrug off Nigeria security risk: Citibank 2014-07-02T04:00:00Z That would put the naira under more pressure. Well below par 2014-11-27T05:00:00Z There was an open sewer with a 6 foot long board over it and a couple of guys had commandeered it and were making people pay a 25 naira toll to walk across. Nigeria’s Nollywood Is Thriving Despite Terrible Conditions 2014-05-13T09:45:55Z Sanusi was an internationally respected central bank governor and financial markets were rattled by his suspension with the naira currency briefly dropping to a record low. Nigerian president orders state energy firm audit after graft allegation 2014-03-12T18:58:12Z She is unaware that due to a government subsidy on kerosene it is supposed to be available for around 40 naira a litre. Is Nigeria serious about tackling corruption? 2014-03-12T01:34:13Z Sanusi's suspension caused panic in the markets, with the naira falling to record lows, as foreign investors sold off bonds, money and stocks. Nigeria court rules central bank governor can't be arrested pending plea 2014-02-22T21:31:13Z The naira, at 164.05 to the dollar before the news on Thursday, fell to a record low of 169 before trading was frozen. Nigeria's central bank governor to challenge suspension in court 2014-02-21T14:36:29Z Interestingly, the foreign pirated movies, like 12 Year A Slave, sell for 35 naira—less than the local stuff, which is more popular. Nigeria’s Nollywood Is Thriving Despite Terrible Conditions 2014-05-13T09:45:55Z But the retail rate is still above 150 naira, which Sanusi said proves the subsidy is a racket to benefit chosen friends in the kerosene business. Nigerian president orders state energy firm audit after graft allegation 2014-03-12T18:58:12Z The naira fell 1 percent against the dollar on Friday, although it has not moved since the central bank said it hoped to keep it within its current band of 150-160 to the dollar. Nigeria's central bank governor to challenge suspension in court 2014-02-21T11:09:07Z The country’s stock market fell sharply, bond trading was halted and the value of the Nigerian currency, the naira, plunged to a record low against the dollar before the bank intervened to prop it up. Governor of Nigeria’s Central Bank Is Fired After Warning of Missing Oil Revenue 2014-02-21T04:48:25Z Sanusi, a career banker, earned a reputation as a monetary policy hawk while governor from June 2009 - raising interest rates, tightening liquidity and aggressively defending the naira with frequent foreign exchange auctions. Nigeria suspends anti-graft central bank governor 2014-02-20T16:47:56Z He says he would accept 1,000 naira, but he is "not working alone". Nigeria officer fired over video 2013-08-08T15:01:26Z "We are asking the court for one billion naira in damages for unlawful incarceration," defense lawyer Robert Clarke told journalists after the four men attended a court session where charges were read to them. Lebanese Hezbollah suspects to sue Nigerian government 2013-06-13T18:01:48Z The government is likely to spend over 1 trillion naira on the subsidies this year, more than 20 percent of the federal budget. Nigerian minister says mother kidnapped over fuel subsidy 2012-12-17T17:18:39Z It will offer 48 naira a share for the additional holding - a 28 percent premium to the price at which the stock closed on Friday. GSK to lift stake in Nigerian unit in $98 mln deal 2012-11-26T09:17:24Z "They are also wanted for arson and destruction of properties worth millions of naira." Rewards for Boko Haram leaders 2012-11-23T20:22:22Z Coins would replace notes for amounts up to 20 naira and there are even plans for cash machines to start dispensing coins, rather than notes. Nigeria halts currency reforms 2012-09-21T12:17:39Z A Nigerian presidential committee said on Tuesday that fuel traders owed Nigeria a combined 382 billion naira in fraudulent subsidies collected last year. Nigeria says will pay valid fuel subsidy claims 2012-07-27T12:57:30Z "And what is good value for the British pound, is good value also for the Nigerian naira." The challenge of family planning in rural Nigeria 2012-07-11T16:08:38Z "Nigeria loses billions of naira to wasted gas while the nation's power projects are crippled as a result of lack of gas supply," Nigerian pressure group Social Action said. Fracking Causes Rise in Natural Gas Flaring 2012-05-02T20:45:00.217Z High government spending is also putting pressure on the naira currency. Nigeria insurgency beginning to take toll on economy 2012-02-10T10:37:23Z The government wants to introduce a new 5,000 naira note. Nigeria halts currency reforms 2012-09-21T12:17:39Z “The central bank is now unlikely to change its naira target this year as the reduced price increase limits pressure on the currency,” he said. Nigeria’s Sanusi Sees Rate on Hold as Fuel Rise Lifts Prices 2012-01-17T12:38:03Z The strike began Jan. 9 after the government ended subsidies, which it said cost 1.2 trillion naira last year, and vowed to spend the savings on power plants and roads. Nigerian Labor Unions Suspend Strike on Fuel Subsidies 2012-01-17T05:13:59Z When a price cap of 65 naira ended on January 1, pump prices more than doubled to 150 naira. Nigeria unions suspend strike after fuel price cut 2012-01-16T19:12:19Z When a price cap of 65 naira ended on January 1, pump prices more than doubled, to 150 naira. Nigeria unions suspend strike after fuel price cut 2012-01-16T13:43:49Z The country’s leader, Goodluck Jonathan, agreed to lower gasoline prices to 97 naira a liter. Oil Climbs From Four-Week Low as Iran Warns of Strait Disruption 2012-01-16T10:09:04Z Unions said they wanted the government to immediately bring the price back down to 65 naira, at which point they would cancel strikes and protests and negotiations could continue. Nigeria strikes set to resume Monday, government sees more talks 2012-01-15T11:17:08Z "Let's go back to 65 naira then we agree on a new line of action," he said. Nigerian strike talks fail to reach fuel price deal 2012-01-15T02:39:53Z The value of trading today on the exchange was 388 million naira, according to the statement. Nigeria Unions to Halt Protests at Weekend, Continue Strike 2012-01-14T11:39:12Z Unions said they wanted the government to bring the petrol price immediately back down to 65 naira, at which point they would cancel strikes and protests and talks could continue. Nigeria unions suspend strike after fuel price cut 2012-01-16T13:43:49Z Several newspapers said a likely outcome may see petrol capped at 100 naira a liter until the subsidy is removed fully in April or later. Nigeria workers stage 5th day of strikes, talks pause 2012-01-13T13:17:13Z The value of trading yesterday on the Nigerian Stock Exchange was 350 million naira, according to figures e-mailed by the bourse. Nigerian Strike Continues After Talks Fail to Reach Agreement 2012-01-13T07:41:56Z Trading in the naira has been limited since the strike started, and the currency was unchanged at 161.91 on the interbank market as of 9:45 a.m. in Lagos. Jonathan Bolsters Nigerian Rating in Fight Against Unions 2012-01-12T18:38:54Z The strike, which entered its third day today, shut down banks, businesses and ports across the West African nation, limited the trade in stocks and the naira. Nigeria Shuts Down as Unions Defy Jonathan Over Fuel Subsidy 2012-01-12T13:52:44Z The strike, which entered its third day today, shut down banks, businesses and ports across the West African nation, limited the trade in the naira and helped push up cocoa prices. Nigeria Shuts Down as Unions Defy Jonathan Over Fuel Subsidy 2012-01-11T11:19:42Z Finance Minister Ngozi Okonjo-Iweala said 90 billion naira a year of the money saved would be spent on roads and other infrastructure, 57 billion on the railways and 60 billion on poverty safety nets. Anger grows as Nigeria fuel strike enters 3rd day 2012-01-11T01:04:01Z Finance Minister Ngozi Okonjo-Iweala said 90 billion naira a year of the saved money would go on roads and infrastructure, 57 billion on rail and 60 billion on poverty safety nets. Nigerians protest over fuel price for second day 2012-01-10T15:21:45Z The naira has gained 0.06 percent against the dollar since the strikes started Jan. 9. Jonathan Bolsters Nigerian Rating in Fight Against Unions 2012-01-12T18:38:54Z While the action hasn’t hurt exports from Africa’s top oil producer, trade in the naira currency was limited for a second day and most businesses and shops were closed. Nigeria Strike May Force Jonathan to Compromise on Fuel Subsidy 2012-01-10T11:40:02Z He complained that when he tried to fill his car Sunday it was 200 naira a liter, so he could only buy two liters. Nigeria fuel protests turn violent, two killed 2012-01-09T18:10:56Z Dollars were sold for 156.51 naira to 157.36 naira each, the bank said in an e-mailed statement, without mentioning the amount demanded by lenders. Nigeria Strikes Halt Naira Interbank Market as Banks Curb Trades 2012-01-09T15:03:40Z Fuel stations in Lagos run by the state oil company, Nigerian National Petroleum Corp., sold gasoline yesterday at 138 naira per liter. Nigeria Cabinet to Hold Emergency Meeting Over Fuel Protests 2012-01-04T09:28:07Z Gas prices rose to between 130 and 140 naira a liter on Monday. Nigerian Gas Prices Jump After Subsidy Ends 2012-01-02T19:29:32Z The government spent 1.35 trillion naira in the first nine months of last year, Stanley told a parliamentary hearing on Dec. 2. Nigeria Removes Subsidy on Gasoline, Pricing Agency Says 2012-01-01T18:17:01Z The central bank’s official target for the naira was lowered to 155 per dollar from 150 on Nov. 22. Sanusi Says Nigerian Inflation a ‘Threat,’ No Rate Cuts Seen 2011-12-04T08:51:32Z The marginal rate, which is also used as the prevailing exchange rate, was 156.83 naira, compared with 156.71 naira at the previous auction on Jan. 4, it said. Nigeria Strikes Halt Naira Interbank Market as Banks Curb Trades 2012-01-09T15:03:40Z Price pressures may increase in Nigeria after the naira weakened and the government prepares to remove fuel subsidies next year. Nigeria, Kenya Buck Global Rate Trend to Help Rescue Currencies 2011-10-12T05:28:02Z The naira slumped 7.8 percent against the dollar since the beginning of August, adding to pressure on inflation as the government prepares to end fuel subsidies and raise spending next year. Nigeria Raises Benchmark Rate to 12% to Help Boost Naira 2011-10-10T16:18:05Z Nigeria’s naira dropped for a fifth day, falling 0.6 percent to the weakest level on a closing basis since at least 1994. Stocks, U.S. Futures Drop on Growth Concern as Yen, Gold Advance 2011-09-30T11:02:02Z Nigeria’s naira dropped for a fifth day, falling 0.2 percent to the weakest level on a closing basis since at least 1994. Stocks Drop on Growth Outlook as Yen, Dollar Climb; Gold Jumps 2011-09-30T09:50:03Z The strike is “weighing” on the naira, they said. Nigeria Strikes Halt Naira Interbank Market as Banks Curb Trades 2012-01-09T15:03:40Z When asked about the naira in her screening, Okonjo-Iweala said she supported the action but also said it was not a long-term solution. Analysis: Nigerian economic reform heavyweights set for tussle 2011-08-11T09:26:45Z The naira broke through that level for a third time on Oct. Nigeria Raises Benchmark Rate to 12% to Help Boost Naira 2011-10-10T16:18:05Z In 2009, Sanusi fired the chief executives of eight of the country’s 24 lenders after a debt crisis threatened the industry with a collapse, and injected 620 billion naira to rescue lenders. Nigeria to Inject $4.5 Billion Into Three Nationalized Banks 2011-08-08T08:45:01Z Shares in NBC closed at 43 naira after the announcement, representing an 11 percent premium. Coke bottler CCH gets nod to buy out Nigerian arm 2011-07-25T13:24:46Z The naira, which may strengthen to 153 against the dollar by year-end and 150 by the end of 2012, “should help to lift consumer confidence and support the retail sector,” Morgan Stanley said. Nigeria to Surpass South Africa by 2025, Morgan Stanley Says 2011-06-28T15:43:48Z The naira may appreciate in response to the lifting of the capital control, Sanusi said by e-mail. Nigeria Ends Restriction on Fixed-Income Flows, Sanusi Says 2011-06-23T16:23:37Z Sanusi was hauled before the House of Representatives in December after he angered lawmakers by criticizing the 136.3 billion naira that he said parliament spends on itself. Sanusi Fights Nigerian Elites as Naira Policy Draws IMF Ire 2011-06-23T07:01:42Z Moreover, inflation pressure may ease as demand for foreign currency at the central bank’s bi-weekly auctions declines following last month’s elections, reducing pressure on the naira. Sanusi Signals He May Limit Nigeria Interest Rate Increases 2011-05-05T12:01:04Z Concerns over sectarian and election-related violence before the polls sparked an increase in domestic demand for foreign currency, weakening the naira to an 18-month low of 157.04 against the dollar on March 17. Jonathan Wins Nigerian Vote as Riots Show Political Divide 2011-04-19T08:29:03Z The government rescued lenders by buying bad debt totaling 2.04 trillion naira through its Asset Management Co. of Nigeria. Mobius Buys Nigeria Stocks as Election Violence Sinks Valuations 2011-04-11T23:28:27Z “Few international investors were ready to be locked into a naira- denominated position for such a time frame.” Nigeria Ends Restriction on Fixed-Income Flows, Sanusi Says 2011-06-23T16:23:37Z He says he was able to earn as much as 50,000 naira a week, or $323, at the height of the gold rush this year. African Gold Rush Kills Children as Miners Discover Lead Dust 2010-12-21T00:08:07Z The nine rescued banks made provisions for loan losses totalling more than 2.2 trillion naira after the bailout last August and October. CORRECTED - CORRECTED - UPDATE 1-Nigerian banks to bear much of bailout cost 2010-07-23T18:48:00Z The basic daily recharge required was about 500 naira, or just over US$3 a day. 'What's the web?' 2010-03-18T09:51:00Z The fighting only lasts two or three days each time but…property worth millions of naira is destroyed. Sectarian violence in Nigeria: Deadly reprisals 2010-03-08T15:55:00Z “With controls removed and positive interest rates a 145 naira to the dollar midpoint is possible by year end,” he said. Nigeria Ends Restriction on Fixed-Income Flows, Sanusi Says 2011-06-23T16:23:37Z Pounding rocks into gravel with a mortar and pestle netted her 500 naira, or about $3.23, for three days work --more money than she had ever had, she said. African Gold Rush Kills Children as Miners Discover Lead Dust 2010-12-21T00:08:07Z The naira was barely changed on Friday, benchmark bond yields eased slightly across most of the curve and the All-Share index closed up 0.33 percent. Nigerian president returns, reviving uncertainty 2010-02-24T21:57:00Z The Lagosian keeps mumbling that he has to get more out of the trip than the forty naira he just paid the old O.P.C. man to find me. 2009-12-28T05:00:00Z Regime officials also appear divided on how to redress fundamental economic imbalances that result in troublesome inflation, the steady depreciation of the naira, and the discouragement of investors. The 1996 CIA World Factbook This is the only country I know where people who pinch five naira are burned, while those who steal billions of dollars are revered! 2009-12-28T05:00:00Z Rat killer plus Holy Bible plus Koran, four hundred naira!” 2009-12-28T05:00:00Z I give him another five hundred naira, hoping that he’ll release me. 2009-12-28T05:00:00Z Two big men no go give only twenty naira to two officers! 2009-12-28T05:00:00Z |
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