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News

CBN To Allow Old Design Naira Banknotes As Legal Tender, Ad Infinitum

The Central Bank of Nigeria on Tuesday said it has extended the validity of the old N200, N500 and N1,000 notes indefinitely ....

Money

CBN May Lose Control Of The Naira

While the government appeared distracted with the coup in Niger Republic, the naira plunged further in the foreign exchange markets last week, exchanging...

Uncategorized

President Buhari Asks For 7 Days For A Major Decision On Currency Redesign

President Mohammadu Buhari February 4, 2022/State House President Muhammadu Buhari Friday urged citizens to give him seven days to resolve the cash crunch...

Money

CBN Defends Naira With $11.24bn In Seven Months

The Central Bank of Nigeria injected $11.24bn into the economy to stabilise the value of the naira from January 2022 to July. This...

Money

Naira Exchanges 770 To Dollar At Parallel Market

The naira exchanged to the dollar for 770 at the parallel market on Wednesday, according to the operators. Some Bureau de Change operators...

Money

CBN Eyes Stronger Digital Economy, eNaira Grows 190%

The Central Bank of Nigeria is targeting a stronger digital economy to support the growth of the financial systems. This is even as...

Money

Naira Appreciates, Closes At 418.50 To Dollar

The Naira exchanged at N418.50 to the dollar at the Investors and Exporters window on Thursday, a -0.20 per cent appreciation, compared to...

Money

Naira crashes in value, dollar sells for N420

*CBN fines 100 BDCs over N5m each On Thursday, the naira exchanged between N405 and N420 to a dollar in the Bureau De...

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