Naira
Coverage of Naira in the Nexus archive.
- From AbokiFX to HyperFX: Instant FX settlement built on stablecoin rails
Polytope Labs launches HyperFX, an onchain foreign exchange engine that enables instant currency swaps using stablecoins, starting with the naira via cNGN. The platform offers verifiable transactions directly on the blockchain.
- Nigeria’s Naira Steadies as Its Painful Reforms Start to Pay
Nigeria's naira has steadied near 1,400 to the dollar in 2026 as economic growth and reserves increase, indicating the country's reforms are beginning to show positive results.
- How oil price volatility continues to influence Nigeria’s economic outlook
Oil price volatility affects Nigeria’s economy primarily through the exchange rate. Higher oil revenues boost foreign currency inflows, supporting the naira and enhancing foreign exchange market liquidity.
- Nigeria’s Reserves Hit a 17-Year High of $51 Billion
Nigeria's external reserves reached a 17-year high of $51.04 billion in June 2026, despite the naira's decline against the dollar. The data was reported by The Rio Times.
- The productive value of the naira, By ‘Tope Fasua
The article critiques the obsession with determining the 'true value of the Naira,' highlighting how TV personalities present their opinions as absolute truths without factual basis. Author Tope Fasua argues against the uncritical acceptance of such views.
- IMF warns rising stablecoin use could weaken Naira demands
The IMF has warned that increasing use of stablecoins in Nigeria could reduce demand for the Naira. Nigeria remains one of the world's largest cryptocurrency markets.
- Nigeria’s Dollar Reserves Dwindle as Central Bank Defends Naira
Nigeria's dollar reserves are declining, prompting the Central Bank of Nigeria to defend the naira's value. The article highlights currency market dynamics in Abuja, where electronic payment terminals are used alongside physical naira notes.