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Nigeria's Naira Currency Falls To Record-Lows Against Dollar Amid Foreign Exchange Scarcity

There is currently a strong demand for dollars and foreign exchange from importers amid diminishing liquidity as the global price of oil, Nigeria’s top source of revenue, plummet to all-time lows.

Nigerian Currency Plunges To US Dollar Amid Hajj Pilgrimage, Chinese Economic Slowdown

The Nigerian naira devalued by N5 to N220 per U.S. dollar as Nigerians seek the United States currency to pay for school abroad and the annual hajj pilgrimage to Mecca.

Boko Haram is the Main Task for Nigeria's new Police Chief

Police stand watch over protesters in Nigeria's capital, Abuja

Nigerian President Goodluck Jonathan fired the national police head, Inspector-General Hafiz Ringim, over recent Boko Haram attacks.

Nigerian Insurgents Boko Haram Newest 'Threat to U.S.'

Boko Haram, Nigeria's militant Islamic insurgency, is now an emerging threat to the United States, a new congressional report says.

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Nigerian naira firms as oil companies sell dollars

The Nigerian naira firmed slightly on the interbank market on Monday after three energy firms sold dollars, traders said.

Nigerian naira weakens further on dollar shortage

The Nigerian naira NGN=D1 depreciated further against the dollar at both the interbank market and official window on Wednesday as the central bank was unable to meet demand for the greenback at its auction.