Nigeria

Nigeria will start circulating newly redesigned currencies starting December 15, 2022  as President Muhammadu Buhari says there is no going back on the policy.

Fitch Ratings has downgraded Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B-' from 'B'. The Outlook is Stable.

Nigeria’s naira recently hit a record low against the US dollar, but people around the country may be asking themselves whether this has much of an effect on their everyday lives. The truth is that a weak national currency affects more areas of our lives than might seem possible at first glance.

Nigeria’s inflation rate surged to 20.77% in September 2022, up from 20.52% recorded in the previous month.