Nigerian Naira

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Nigerian Naira

The currency of Nigeria. It was introduced in 1973, replacing the Nigerian pound. It has been marked by relatively high (though not excessive) inflation. The Central Bank of Nigeria restricts the convertibility of the naira.
References in periodicals archive ?
By not properly managing the oil windfall before the crash, Nigeria has found itself in a position where it does not have the funds to invest in capital projects and defend the naira," Rewane said.
The CBN is implementing tough measures to curtail the naira's slide.
The Central Bank announced an unscheduled auction of dollars at the end of last week to stem the naira's rout.
NBS explained that in the second quarter of 2014, Nigeria's Nominal GDP (at basic prices) was estimated at 21.7 billion naira and16.1 billion naira in real terms.
Naira Zohrabyan and Oleksandr Pavlyuk discussed the issue of assuming of the Chairmanship of the Council of Europe's
As part of the QMA Human Capital Division's attempt to be an employer of choice, the Naira programme reflects QMA's appreciation for its employees and their ongoing initiatives to reward its employees for their hard work, dedication and commitment.
The budget, which foresees the deficit rising to 1.52 trillion naira, lifts planned spending from the 4.079 trillion naira proposal sent to parliament by President Yar'Adua last November, before he left for treatment in Saudi Arabia.
KANO, March 12, 2010 (Balochistan Times): An overnight fire razed northern Nigerias largest textile market, consuming goods valued at billions of naira and some cash, traders said Friday.
Veteran Musician and producer, Dede Mabiaku has described the comparison between Azeez Fashola aka Naira Marley and the legendary Fela Anikulapo-Kuti, as inappropriate.
The winners will receive partial scholarships of 1,000,000 Naira, 500,000 Naira and 250,000 Naira as first, second and third place prizes, respectively.
Global Banking News-July 24, 2017--Nigeria's First Bank and Fidelity resume naira card transactions abroad