What Is Stopping Nigeria From Printing Its Own Currency?
Nigeria has a national mint, but foreign firms received 65% of its 2025 banknote orders. Capacity limits, imported inputs and delivery problems explain the gap.
Tag: foreign exchange
Naira Strengthens Against Dollar as FX Market Liquidity Improves
The naira has gained against the US dollar despite a stronger greenback globally, supported by improved FX liquidity, rising reserves and stronger market confidence.
Nigeria’s Foreign Reserves Rise Above $51bn, but Will This Strengthen the Naira?
Nigeria’s foreign exchange reserves have climbed above $51 billion, giving the Central Bank of Nigeria a stronger financial buffer as it works […]