naira - Intelpoint

Search results for

Naira launched with 5 notes in 1973, evolving through various shifts to 3 high-security designs by 2022

Nigeria’s currency has undergone 10 key shifts; from note introductions to redesigns and a digital launch.
Between 1999 and 2005, four new notes; ₦100 to ₦1,000, were introduced in response to inflation.
The ₦200, ₦500 & ₦1,000 notes, which dominate in circulation by value, were revamped with high-security features.
In 2021, Nigeria launched the eNaira, making it the first African country with a Central Bank Digital Currency.

Fifteen months into President Tinubu’s tenure, the rate of one dollar to naira has gone up by 245%

When Olusegun Obasanjo took office in 1999, the exchange rate was ₦97 to $1; it was ₦128 under Yar'Adua in 2007. During Jonathan's tenure in 2010 it was ₦151 while it was ₦199 when Buhari was in office. Despite efforts to let market forces decide the rate, the naira continues to weaken. Will the current administration turn things around soon?

Seven months into President Tinubu's first tenure, the rate of one dollar to naira has gone up by 95%

Every Nigerian president since 1999 left office with a higher dollar to naira exchange rate than when they took office. Will President Tinubu's tenure be the exception?