One nairais divided into 100 kobo.[2]. The Central Bank of Nigeria (CBN) isthe sole issuer of legal tender money throughout the Federal Republic of Nigeria.[3][4] It controls the volume of money supplied in the economyin order to ensure monetary and price stability. The naira presently trades at 360 to the dollar. The chart below shows thevalueof the naira on the official and parallel markets against the decline in global oil prices. Before 2015, the country had generated billions ofdollars in forex. Nigeria’s economy grew 12.7% between 2012 and 2013. And in 2013, theNigerianeconomywas rebased from 270 billion dollarsto 510 billion dollars, making it Africa’s top economy. Government economic measures, depreciation in thevalueofNaira and decline in oil revenue have combined to force Nigerians into cutting down on consumption of imported goods and services. Like many nations, Nigeria has experienced economic shocks from beyond its shores in recent years, but there are also issues specific to the country, partly driven by the reforms introduced by President Bola Tinubu when he took office last May. Thevalueofnairaatthattimewas not it's true value. And it gave room for illicit funds by dubious elements in the society. This is totally unattractive to prospective investors because it portrays us as a wasteful and non-challant nation to the outside world. The nairavalue witnessed a persistent depreciation against the United States dollar. The research findings further revealed that the currency and the economy will be affected by the devaluation for a long time except critical economics measures are taken by the authorities concerned [12]. #MakeMyVideoViral Naira Gains Against Dollar: The Impact on Nigerians.