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    naira Stories

    A photo of Usman Balarabe, a currency exchange trader in Lagos, Nigeria.
    News
    25 September 2024

    What It’s Like To… Be a Currency Exchange Trader in Nigeria

    Currency exchange traders are essential to the flow of foreign currencies in Nigeria’s import-heavy economy. Here’s how they go about their business.

    A shop owner counts Ethiopian Birr in his stall at the Shola Market in Addis Ababa on December 4, 2023.
    News
    20 August 2024

    Ethiopia, Nigeria and How Currency Floating Impacts Economy

    The Ethiopian Birr has lost a significant amount of its value after the government moved away from a fixed exchange rate system. Its ongoing aftershock is familiar to Nigerians.

    A woman holds a placard that reads “Save The Naira, Stop The Collapse Of Industries!! Stop Job Losses!!!” during a protest against the soaring cost of living in Abuja on February 27, 2024
    News
    28 February 2024

    Inflation is Leaving Nigerians Feeling Uncertain About The Future

    As the value of the country’s currency continues to fall drastically, and the economic crisis worsens, business owners and young Nigerians call on the government to cushion the effects of its recent economic policies.

    Dozens of Nigerians in a queue outside the bank.
    News
    21 February 2023

    Nigerian Naira Shortage Triggers Chaos and Confusion

    In Nigeria, the shortage of newly-mandated naira notes has triggered resentment amongst citizens.

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    OkayAfrica is the premiere digital platform bringing the worlds of African music, art, culture, style, sports and politics to a global audience. Founded in 2010 as an extension of Okayplayer, OkayAfrica serves as a cultural bridge to foster deeper understanding of the continent, while also building meaningful connections with its diaspora.

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