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naira
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- 1Peter Obi Urges Nigeria To Cut Food Imports To Save Naira●OsazuwaAkonedo NewsChronicles ~ Reduce Reliance On Food Imports To Ease Naira Fall – Peter Obi Speaks From Kigali ~ Osaz
Nigerian politician Peter Obi, speaking in Kigali, Rwanda, called on Nigeria to reduce its reliance on food imports as a way to ease the fall of the naira. He argued that producing more food domestically would cut demand for foreign currency and help stabilise the currency.
- 2Naira Strengthens to ₦1,497 per Euro▼Naira Strengthens to ₦1,497 per Euro as FX Conditions Stabilise
The naira has strengthened against the euro, trading at about ₦1,497 to the euro, according to a report citing stabilising conditions in Nigeria's foreign exchange market. The development is being watched by businesses, importers and property market observers, since currency stability affects construction costs, imported materials and overall confidence in the Nigerian economy.