New naira notes trigger marginal gain for local currency
The naira yesterday strengthened against the dollar, trading at N745/$ from N750/$ it closed last week. The naira recovery followed gradual release of new bank […]
Naira
CBN: abuse Naira and go to jail
The Central Bank of Nigeria (CBN) yesterday warned that those abusing the naira were liable to go to jail. The apex bank said the law […]
Newly redesigned naira notes terrible, Nigerians speak on social media
Some Nigerians on social media have carpeted the redesign of the N200, N500 and N1,000 notes, stating the Central Bank of Nigeria(CBN) did a terrible […]
Naira appreciates, exchanges for N445.38 per dollar
The Naira, on Monday, appreciated against the dollar at the Investors and Exporters window, exchanging at N445.38. The figure represents an appreciation of 0.07 per […]
Adeboye decries naira depreciation, knocks FG over redesign
The General Overseer of the Redeemed Christian Church Of God, Pastor Enoch Adeboye, has knocked the Federal Government over its decision to redesign the naira. […]
Naira redesign: Hoarders scamper for safety
Since the Central Bank of Nigeria (CBN) announced plans to redesign the 200, 500, and 1,000 naira notes with effect from Thursday, December 15, 2022, […]
New naira notes to be printed locally, says CBN
•Policy targeted at opposition, says Obaseki There is no plan to print the proposed new naira notes outside Nigeria, a Central Bank of Nigeria (CBN) […]
Naira redesign: Demand for digital banking to rise
For years, Nigeria’s march towards cash-less economy was greeted with mixed feelings of approval and outright rejection. However, with a benefit of hindsight, many people […]
Naira slumps N815/$ at parallel market
The naira has continued its free fall in the parallel market, depreciating to N815 per dollar in Abuja on Monday. Bureaux De Change (BDC) operators […]
IMF lists dangers of dollarised economy as naira crisis persists
The International Monetary Fund (IMF) has cautioned economic managers on the dangers of dollarising the economy, saying it could be difficult to reverse. As a […]