naira.
currency of the Federal Republic of Nigeria
- Reports this week
- 43
- Active events
- 11
- Connections
- 203
What's happening
Active this week
-
Nigeria exemplifies Africa's manufacturing challenges, with high imports and economic issues pressuring the local currency.Well supported3 reports5 developments inside
-
Stablecoin use is gaining global traction with support from Trump, posing challenges to the monetary policy of the naira in Nigeria.Some support2 reports1 development inside
-
IMF conducted Article IV consultation with Nigeria and called for fiscal and monetary reforms.Well supported5 reports1 development inside
-
Property worth billions of naira lost in floods in Ebonyi State, prompting NEMA intervention.Some support1 report
-
The Dangote Refinery IPO is a major industrial asset in Nigeria and is priced and denominated in naira.Well supported5 reports
-
The values of Toyota and Mercedes-Benz vehicles were reported in naira currency.Some support1 report
-
Alex Otti discussed the past management of state funds in Anambra State, noting they were handled in naira and dollars.Some support2 reports
-
Naira depreciation reduces FAAC's dollar value, while Atiku Abubakar criticizes the FAAC boom as a scam.Some support5 reports1 development inside
-
The policy failure of fuel subsidy removal and nominal increase due to exchange rate shifts in Nigeria.Some support1 report
-
Ifeanyi Odii donated N5 million to assist flood victims.Some support1 report
-
The government has commenced payments of N18bn, following President Tinubu's direction to resolve the financial obligation.Some support14 reports1 development inside
Earlier this month
-
Money has been linked to the activities of a bandit kingpin identified as Muhammadu.Some support1 report
-
President Tinubu initiated major economic reforms in Nigeria, including overhauling the tax agency FIRS and approving naira payment plans for crude oil.Some support11 reports3 developments inside
-
The Federal Inland Revenue Service collects public revenue for the Nigerian state.Some support1 report
-
Fictional work established the archetype of the ruthless agent, while systemic weaknesses allow abuse of judgment.Some support1 report
-
Nigerian federal government announces trade sector expansion and targets, with trade values denominated in Naira.Well supported4 reports1 development inside
-
CBN efforts and foreign exchange directives led to anticipated naira strength and stabilization in the market.Well supported10 reports1 development inside
-
Nigerian stock market capitalization reached $120 billion on September 17, 2026.Some support1 report
-
The Nigerian Federal Government used the naira for revenue allocation.Some support2 reports6 developments inside
-
The African Democratic Congress discussed the government's spending of the naira on September 15, 2026.Some support1 report
-
Investment offers protection against naira depreciation.Some support1 report
-
Kidnapping crisis in Kebbi State is fueling a parallel economy where ransom payments are made in naira.Some support1 report
-
The NDC is setting contribution limits in naira and planning crowdfunding to fund its 2027 election campaign.Some support1 report
-
Nigeria issued bonds to fund national debt requirements while struggling to reconcile liquidity surplus with currency pressure.Well supported14 reports3 developments inside
-
State requires levies to be paid using the naira currency.Some support2 reports
-
Real estate investment in Nigeria uses naira.Some support1 report
-
Naira weakness in Nigeria is causing negative impacts on operational costs and claims.Well supported10 reports5 developments inside
-
Investors looted PXES offices in Kogi and Adamawa, while the Nigerian Civil Aviation Authority sanctioned RwandAir.Some support1 report
-
Companies operating in Nigeria face currency risk as the naira's long-term trajectory reflects US inflation differentials.Some support2 reports1 development inside
-
Currency devaluation is impacting corporate revenue streams in Nigeria, while the Central Bank of Nigeria governs the official exchange rate.Some support2 reports
-
The local economic health of the region is currently impacting the value of the naira currency in Zaria.Some support3 reports
-
The Nigerian government invested billions of naira on July 8, 2026, into military equipment.Some support1 report1 development inside
-
The Federal Ministry of Aviation and Aerospace Development paid a company for guns using naira funds in Abuja.Some support1 report
-
Gombe State administration is focusing on civil service reform, leveraging biometric systems that are reportedly saving billions of naira.Some support1 report
-
An Agri-SMEs and Investors Conference was held in Kaduna to discuss how the naira float is creating new export opportunities for agricultural businesses.Some support1 report
-
Nigeria faces foreign exchange issues, is reclassified into the FTSE Frontier Index, and the SEC confirms new foreign portfolio investment rules.Some support7 reports3 developments inside
-
The Central Bank of Nigeria (CBN) managed a surge in foreign exchange utilization within the Nigerian economy.Well supported12 reports
-
FTSE Russell assessed Nigerian market maturity and operational standards, noting that economic reforms are driving currency gains.Some support2 reports1 development inside
-
The Nigerian film industry has achieved a record in the box office market, with all totals being measured in the local naira currency.Some support1 report
-
INEC regulates political campaigning in Nigeria, while businesses report suffering due to government borrowing and naira weakness.Some support1 report
-
N500 billion is allegedly budgeted to secure support in Northern Nigeria, involving an Islamic cleric and specific individuals.Some support1 report
-
Government debt is reported to be affecting the finances of contractors.Some support1 report
-
Severe floods have caused property worth millions of naira to be destroyed in the region, prompting a leading government response.Some support1 report
-
Macroeconomic issues in Nigeria are being discussed, including how Tinubu's policies affected debt revaluation, while Obasanjo reduced the national debt burden and Naira depreciation impacted external debt.Well supported7 reports7 developments inside
-
The Economic and Financial Crimes Commission (EFCC) is tracking recoveries made in Naira for the federal government.Some support15 reports
-
Kano State Government committed billions of naira towards compensation.Well supported3 reports
-
Naira devaluation absorbed expected fuel subsidy savings.Some support1 report
-
Naira weakens against the US dollar, and the Central Bank of Nigeria reports on transaction volumes.Well supported5 reports4 developments inside
-
The CBN, led by Olayemi Cardoso, initiated a program to promote proper currency handling and address public concerns regarding the Naira.Some support5 reports3 developments inside
-
The equities market in Nigeria operates using the naira currency.Some support1 report
-
An interim report detailed alleged misuse of funds involving the administration and the naira.Some support7 reports
One to three months ago
-
High cost of living drives income requirements for the naira since 1995.Some support1 report
-
CBN monitors currency stability and manages monetary policy amid potential oil price effects from Middle East tensions.Well supported7 reports2 developments inside
-
World Bank data is used to assess average income in Nigeria, and the Naira is the currency used to measure economic value.Well supported5 reports
-
The article states that Naira is the currency of Nigeria and that economic reforms were implemented in 1995 to boost government revenues and investments.Some support2 reports1 development inside
-
Liberalization of the naira led to currency fluctuations on August 19, 2026.Well supported8 reports
-
President Tinubu is under pressure to review a major port deal in Apapa, which involves foreign financing from UK Export Finance and impacts the naira's value.Some support3 reports
-
Economic hardship is causing currency devaluation in Nigeria, impacting the naira, amidst administration policy concerns.Well supported8 reports4 developments inside
-
Administration sets N70,000 minimum wage policy and Governor Kefas receives an award in Jalingo.Some support1 report
-
Stability of the naira helped contain price pressures.Some support1 report
No events began in the chosen period. Widen it, or reset.
What's reaching naira
Recent events traced to naira, step by step- How does the cost of living crisis affect the Naira as the currency of the Federal Republic of Nigeria?Rising inflation and essential cost hikes pressure the Naira's purchasing powerReported
- How does CBN managing monetary policy in Nigeria affect naira?The naira is currently benefiting from a tight monetary policy stance, which has led to stabilization and recent rate cuts.Includes Brind's reasoning
Around naira this week
News at the entities that move naira most-
Nigeria StructuralProgram coverage includes the capital territory of Abuja.Moves naira
-
Central Bank of Nigeria StructuralThe Central Bank of Nigeria manages liquidity through the use of Treasury bills.Moves naira
-
Bola Ahmed Tinubu OperationalLegislative body considers bills for state police in Nigeria.Moves naira
-
CBN StructuralThe Central Bank of Nigeria (CBN) cut the Monetary Policy Rate to 23% after concluding its MPC meeting in Abuja.Moves naira
-
Economic and Financial Crimes Commission StructuralThe Economic and Financial Crimes Commission (EFCC) has been called to investigate alleged misuse of state funds in Oyo State.Moves naira
-
federal government of Nigeria StructuralA damages suit has been filed by Femi Falana against the Federal Government of Nigeria at the ECOWAS Court in Abuja.Moves naira
Connections
The 40 strongest of 203, analyzed from the reporting. The bars show how strongly a change on one side reaches the other.-
Nigeria Structural
The naira is the official currency of Nigeria, and its value and stability are fundamentally determined by the nation's economic and monetary policies.
-
Central Bank of Nigeria Structural
The Central Bank of Nigeria is the issuing and regulatory authority responsible for managing the stability, value, and circulation of the naira.
-
federal government Structural
The federal government uses the naira as the mandatory medium of exchange for all revenue collection, expenditure, and policy implementation.
-
Peter Obi Operational
Peter Obi actively discusses the Naira's value, policy implications, and its role in national economic discourse.
-
Bola Ahmed Tinubu Operational
Tinubu's administration actively uses and influences the naira through economic reforms, devaluation, and budget allocations.
-
CBN Structural
The CBN is the official issuer and manager of the Naira, controlling its circulation, stability, and exchange rate.
-
Dangote Group Operational
Dangote Group utilizes the Naira for pricing and valuation, and its market activities are reported to influence the currency's stability and strength.
-
Economic and Financial Crimes Commission Structural
The EFCC uses the Naira as the official unit of account for tracking and recovering illicit funds.
Show all 40 connections
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Debt Management Office Structural
The Debt Management Office utilizes the naira as the official unit of account for debt instruments and payments.
-
Abubakar Usman Transactional
Abubakar Usman used the naira as the medium to extort millions of value.
-
Aliko Dangote Structural
Dangote's company uses Naira for pricing IPO shares and paying dividends, establishing a structural dependency on the currency.
-
Anambra State Structural
Anambra State's financial operations, including debt servicing and local investment, are denominated and conducted using the naira.
-
FAAC Structural
FAAC's dollar value is structurally dependent on the naira, as its figures are denominated in the currency.
-
central bank Structural
The central bank utilizes its policy tools to manage and ensure the confidence and stability of the naira.
-
Lagos Shared context
The Naira functions as the required unit of account and measure of value for economic activities within Lagos.
-
Ademola Adeleke Transactional
The evidence suggests a specific, large alleged financial transaction where Ademola Adeleke allegedly received N650 billion denominated in the Naira.
-
Adamawa Transactional
The loss of goods valued in Naira was caused by fires occurring in the Adamawa region.
-
MTN Nigeria Structural
MTN Nigeria's revenue is denominated in Naira, and the Naira's stability influences its cost pressures.
-
Access Bank Structural
Access Bank measures its customer deposits using the naira as the unit of account.
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Indiana Historical Society Operational
Naira fluctuations directly affect the financial performance and revenue of the Indiana Historical Society.
-
Nigerian Army Structural
The Nigerian Army relies on the Naira as the medium of exchange for paying salaries and covering annual expenditures.
-
Oando Structural
Oando's cost of sales is directly tied to the naira exchange rate.
-
Atiku Abubakar Operational
Atiku Abubakar's policy proposals and political advocacy are seen as key factors influencing the stability and value of the Nigerian naira.
-
federal government of Nigeria Structural
The federal government of Nigeria is the issuer and primary regulator of the naira, whose value and stability are directly dependent on government policy.
-
inflation Operational
The stability of the naira is shown to influence and help contain price pressures (inflation).
-
Cross River State Structural
Cross River State relies on the Naira as the functional unit for state financial operations, including grants and damage claims.
-
Shell Nigeria Operational
Shell Nigeria offers payment domiciliation services that are denominated and executed using the Naira currency.
-
Muhammadu Buhari Operational
Buhari's administration implemented policies and actions that directly influenced the stability and status of the Naira.
-
US Dollar (Next day) Transactional
The two currencies are currently priced against each other at an exchange rate of 1 USD to N1,405.
-
All Progressives Congress Transactional
The APC utilizes the Naira as the required medium of exchange for political campaign funding, nominations, and operational donations.
-
Transmission Company of Nigeria Structural
The financial losses of the Transmission Company of Nigeria are quantified using the naira currency as the unit of account.
-
Osun State Operational
The Naira functions as the required medium of exchange for the financial operations of Osun State, including payroll and budgetary allocations.
-
International Monetary Fund Operational
The IMF assesses the naira's undervaluation and urges policy reforms to strengthen its confidence.
-
Air Peace Transactional
Air Peace operates in a market denominated by the naira, evidenced by financial losses and outstanding charges owed to NCAA.
-
Wale Edun Structural
Wale Edun's official capacity was responsible for the management and status of the Naira during its floating.
-
Ejigbo Transactional
Naira notes were used in Ejigbo LGA for alleged vote buying, leading to seizures at polling units.
-
Brent Operational
Global crude prices (Brent) exert a dominant influence on the pricing and valuation of the local currency (Naira).
-
Abdullahi Yola Operational
A's financial activities are conducted using and influenced by the naira currency.
-
Godwin Emefiele Transactional
Godwin Emefiele's tenure and actions are linked to specific financial events, including alleged fraud and efforts to stabilize the Nigerian naira.
-
Kwara State Structural
The naira serves as the functional currency for Kwara State's financial operations and fee setting.
History
Events by the month they beganSeptember 2026
32 events- Property worth billions of naira lost in floods in Ebonyi State, prompting NEMA intervention.
- The Dangote Refinery IPO is a major industrial asset in Nigeria and is priced and denominated in naira.
- The values of Toyota and Mercedes-Benz vehicles were reported in naira currency.
- Alex Otti discussed the past management of state funds in Anambra State, noting they were handled in naira and dollars.
- Naira depreciation reduces FAAC's dollar value, while Atiku Abubakar criticizes the FAAC boom as a scam.
- The policy failure of fuel subsidy removal and nominal increase due to exchange rate shifts in Nigeria.
- Ifeanyi Odii donated N5 million to assist flood victims.
- The government has commenced payments of N18bn, following President Tinubu's direction to resolve the financial obligation.
- Money has been linked to the activities of a bandit kingpin identified as Muhammadu.
- President Tinubu initiated major economic reforms in Nigeria, including overhauling the tax agency FIRS and approving naira payment plans for crude oil.
- The Federal Inland Revenue Service collects public revenue for the Nigerian state.
- Fictional work established the archetype of the ruthless agent, while systemic weaknesses allow abuse of judgment.
- Nigerian stock market capitalization reached $120 billion on September 17, 2026.
- The African Democratic Congress discussed the government's spending of the naira on September 15, 2026.
- Investment offers protection against naira depreciation.
- Kidnapping crisis in Kebbi State is fueling a parallel economy where ransom payments are made in naira.
- The NDC is setting contribution limits in naira and planning crowdfunding to fund its 2027 election campaign.
- State requires levies to be paid using the naira currency.
- Real estate investment in Nigeria uses naira.
- Investors looted PXES offices in Kogi and Adamawa, while the Nigerian Civil Aviation Authority sanctioned RwandAir.
- Currency devaluation is impacting corporate revenue streams in Nigeria, while the Central Bank of Nigeria governs the official exchange rate.
- The local economic health of the region is currently impacting the value of the naira currency in Zaria.
- The Federal Ministry of Aviation and Aerospace Development paid a company for guns using naira funds in Abuja.
- Gombe State administration is focusing on civil service reform, leveraging biometric systems that are reportedly saving billions of naira.
- An Agri-SMEs and Investors Conference was held in Kaduna to discuss how the naira float is creating new export opportunities for agricultural businesses.
- FTSE Russell assessed Nigerian market maturity and operational standards, noting that economic reforms are driving currency gains.
- The Nigerian film industry has achieved a record in the box office market, with all totals being measured in the local naira currency.
- INEC regulates political campaigning in Nigeria, while businesses report suffering due to government borrowing and naira weakness.
- N500 billion is allegedly budgeted to secure support in Northern Nigeria, involving an Islamic cleric and specific individuals.
- Government debt is reported to be affecting the finances of contractors.
- Severe floods have caused property worth millions of naira to be destroyed in the region, prompting a leading government response.
- Kano State Government committed billions of naira towards compensation.
August 2026
12 events- Companies operating in Nigeria face currency risk as the naira's long-term trajectory reflects US inflation differentials.
- Nigeria faces foreign exchange issues, is reclassified into the FTSE Frontier Index, and the SEC confirms new foreign portfolio investment rules.
- The Central Bank of Nigeria (CBN) managed a surge in foreign exchange utilization within the Nigerian economy.
- The Economic and Financial Crimes Commission (EFCC) is tracking recoveries made in Naira for the federal government.
- Naira devaluation absorbed expected fuel subsidy savings.
- The equities market in Nigeria operates using the naira currency.
- An interim report detailed alleged misuse of funds involving the administration and the naira.
- High cost of living drives income requirements for the naira since 1995.
- Liberalization of the naira led to currency fluctuations on August 19, 2026.
- President Tinubu is under pressure to review a major port deal in Apapa, which involves foreign financing from UK Export Finance and impacts the naira's value.
- Administration sets N70,000 minimum wage policy and Governor Kefas receives an award in Jalingo.
- Stability of the naira helped contain price pressures.
July 2026
5 events- Nigeria exemplifies Africa's manufacturing challenges, with high imports and economic issues pressuring the local currency.
- Nigerian federal government announces trade sector expansion and targets, with trade values denominated in Naira.
- The Nigerian government invested billions of naira on July 8, 2026, into military equipment.
- CBN monitors currency stability and manages monetary policy amid potential oil price effects from Middle East tensions.
- World Bank data is used to assess average income in Nigeria, and the Naira is the currency used to measure economic value.
Show 1 earlier month
June 2026
11 events- Stablecoin use is gaining global traction with support from Trump, posing challenges to the monetary policy of the naira in Nigeria.
- IMF conducted Article IV consultation with Nigeria and called for fiscal and monetary reforms.
- CBN efforts and foreign exchange directives led to anticipated naira strength and stabilization in the market.
- The Nigerian Federal Government used the naira for revenue allocation.
- Nigeria issued bonds to fund national debt requirements while struggling to reconcile liquidity surplus with currency pressure.
- Naira weakness in Nigeria is causing negative impacts on operational costs and claims.
- Macroeconomic issues in Nigeria are being discussed, including how Tinubu's policies affected debt revaluation, while Obasanjo reduced the national debt burden and Naira depreciation impacted external debt.
- Naira weakens against the US dollar, and the Central Bank of Nigeria reports on transaction volumes.
- The CBN, led by Olayemi Cardoso, initiated a program to promote proper currency handling and address public concerns regarding the Naira.
- The article states that Naira is the currency of Nigeria and that economic reforms were implemented in 1995 to boost government revenues and investments.
- Economic hardship is causing currency devaluation in Nigeria, impacting the naira, amidst administration policy concerns.