Nigeria
2 articlesWithin the taxonomy, the monetary setting of Nigeria, a sovereign state in West Africa, is represented by Nigerian naira (NGN). Currency administration is led by the Central Bank of Nigeria; Nigerian naira banknotes and coins circulate within the jurisdiction. Coverage stays with the jurisdiction’s currency, issuer and payment framework, separating it from the standalone currency entry and from general geographic information.
Nigerian Naira outlook brightens as oil revenues and high yields fuel gains
Goldman Sachs has raised its forecasts for the Nigerian Naira, pointing to strong oil receipts, elevated local yields, and persistent undervaluation as the main drivers of further appreciation against the US dollar over the coming year.
Uganda Shilling Nears Record Low as Dollar Demand Rises
Uganda's shilling is under renewed strain as commercial banks quote weaker rates and businesses rush to secure dollars, putting the currency at risk of hitting its lowest level ever against the US dollar amid ongoing uncertainty in Iran.