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Naira - Page 3

Naira To Sustain Depreciation In 2024 - Analysis Reveals

CBN’s Old, New Naira Notes To Co-exist Indefinitely – Supreme Court Rules

The Supreme Court, on Wednesday, ruled that the old Naira denominations of N200, N500 and N1,000 notes continue to co-exist with the new notes as legal tender till further notice. The Supreme Court had in March 2023 extended the deadline for the

November 29, 2023

News

NLC Blames Govt Officials For Forex Crisis, Demands Urgent Stabilisation Of Naira

(NLC) has pointed out that government officials’ predilection for foreign luxury products is responsible for the free fall of the national currency, warning that the country’s economy was at risk

October 30, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Nigerians Rush For Dollar, Push UP USD Rate Amid Naira Scarcity

The Naira lost some value against the United States Dollar (USD) in official and black markets, on Thursday, 16 February 2023. The FMDQ Exchange, which tracks official exchange rates, reports that the value of Dollar went up by 0.11 per cent or

February 17, 2023

Business

CPPE’s Muda Yusuf Tackles CBN’s Emefiele Over Naira In Circulation Claim

The founder of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, has revealed that contrary to the statement of the Central Bank of Nigeria (CBN), cash is not supposed to be inside commercial banks. Recall that the CBN Governor,

January 31, 2023

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN’s Emefiele Says Old Naira Deadline Forcing Hoarders To Deposit Funds

Over N1.9 billion has been recovered from Naira hoarders, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed. The central bank had disclosed out of N3.3 trillion local currency in circulation, N2.7 trillion is hoarded by Nigerians involved

January 30, 2023

Governor of Nigerias Central Bank Godwin Emefiele

Business

If Banks Give You Old Naira Notes, Reject Them – CBN Says, Issues New Warning

The Deputy Director, of Currency Operations at the Central Bank of Nigeria (CBN), Rekiyat Yusuf, has urged Nigerians to reject old naira notes dispensed to them by commercial banks. Yusuf gave the advice on Thursday during a new naira notes presentation in selected

January 20, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency·Insights

2022 In Review: How CBN Helped Dollar Speculators Win Big Against Naira

In the year 2022, Naira has had to fight against negative projection, strong dollar speculators, hoarders and the flip-flop policies of the Central Bank of Nigeria (CBN). Judging by the exchange rate as of Wednesday, speculators are still winning. Although the naira

December 22, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar Rate Rises Again As CBN Speaks On Cash Withdrawal Limits

The naira continued its free fall on November 8 in the official market of the Investors & Exporters window after the dollar appreciated by 0.03 per cent. According to FMDQ’s exchange rate data for the official market, the naira exchanged for the

December 9, 2022

Business·Currency

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

The Central Bank of Nigeria (CBN) has reacted to claims that it plans to release N5000 notes after redesigning the existing lower denominations. According to the CBN’s Director of Currency Operations, Ahmed Umar, the apex bank is not introducing N5000 notes, contrary

November 30, 2022

Business·Opinion

Economy, CBN And ‘Naira Battles’

The economy is the ‘oxygen’ of a people, and basically about the allocation of scarce resources for production, distribution and consumption for the fulfillment of the needs of the people. A national economy is classified into four basic sectors, namely, the primary

August 25, 2022

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Naira - Page 3

CBN’s Old, New Naira Notes To Co-exist Indefinitely – Supreme Court Rules

NLC Blames Govt Officials For Forex Crisis, Demands Urgent Stabilisation Of Naira

Nigerians Rush For Dollar, Push UP USD Rate Amid Naira Scarcity

CPPE’s Muda Yusuf Tackles CBN’s Emefiele Over Naira In Circulation Claim

CBN’s Emefiele Says Old Naira Deadline Forcing Hoarders To Deposit Funds

If Banks Give You Old Naira Notes, Reject Them – CBN Says, Issues New Warning

2022 In Review: How CBN Helped Dollar Speculators Win Big Against Naira

Dollar Rate Rises Again As CBN Speaks On Cash Withdrawal Limits

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

Economy, CBN And ‘Naira Battles’

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