Old naira

Naira Opens Week With Gain Across FX Markets

Naira Regains Some Value Lost To Dollar, Forex Traders Raise Transaction Volume

On Wednesday, 22 March 2023, the Naira regained some value lost to the United States Dollar (USD), after appreciating by –0.10 per cent in the official market. This means the cost of buying one Dollar fell by N0.5 kobo at the end

March 23, 2023

Business

Buhari Lists 7 Benefits Of CBN’s Naira Redesign Policy, Defends Emefiele’s Actions

President Muhammadu Buhari has defended the Naira redesign policy of the Godwin Emefiele-led Central Bank of Nigeria (CBN). Buhari said all activities of the CBN as regards the Naira redesign policy are being carried out within the ambit of the Constitution, the

February 16, 2023

Tax Reform Bill: No Region Will Be Shortchanged, Shehu Sani Tells Northerners

Business

Naira Redesign: Revoke Central Bank Office’s C of O – Shehu Sani To Ganduje

The former Kaduna State lawmaker, Shehu Sani, has reacted to the clampdown on commercial banks by the Kano State government over the Naira redesign policy. Governor Abdullahi Ganduje of Kano state had threatened to revoke the license of commercial banks refusing to

February 15, 2023

Business

Foreign Representatives Meet CBN’s Emefiele Over Naira Redesign Chaos

Diplomatic Corps met with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, 14 February 2023, amid the Naira redesign policy that has caused chaos within the country. According to a statement released by the central bank via

February 15, 2023

Criticism Trails Senate's Approval Of CBN’s N22.7 trillion Loans To FG

Business

Presidency Contradicts CBN, Banks On Supreme Court Ruling On Old Naira Notes

The Presidency has contradicted the Godwin Emefiele-led Central Bank of Nigeria (CBN) regarding the ruling of the Supreme Court on the old Naira notes deadline. It was stated that neither the Federal Government nor the central bank have taken a position contrary

February 15, 2023

Council Of State Tenders Two Solutions To Nigeria's Naira Scarcity Issue

Business

UPDATED: Print New Notes Or Release Old Naira – State Council

The Council of State has urged the Federal Government and the Central Bank of Nigeria (CBN) to either print more new Naira notes or recirculate the old banknotes. Members of the Council of State, which advises government on key policies, are former

February 10, 2023

Business

Old Naira Deadline: FG Bows To Supreme Court Order, CBN Keeps Mum

The Federal Government has stated that it will obey the ruling of the Supreme Court, as it makes plan to get the order set aside on Wednesday, 15 February 2023. According to the Attorney General of the Federation and Minister of Justice,

February 10, 2023

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Business

Naira Scarcity: Nigerians Have Been Betrayed By Banking System – TUC Says, Threatens FG

The Trade Union Congress (TUC) said Nigerians have been betrayed by the banking system due to the failure of the Central Bank of Nigeria (CBN) to successfully implement the Naira redesign policy. TUC said commercial banks have been unable to pay Nigerians

February 10, 2023

Business

UPDATED: IMF, World Bank Warn CBN On Naira Transition Timeframe

The International Monetary Fund (IMF) and the World Bank have cautioned the Central Bank of Nigeria (CBN) over its handling of the transition from the old Naira to new banknotes. Nigeria’s financial regulator announced in October 2022 that the N200, N500 and

February 9, 2023

Access Bank Obtains Central Bank of Angola’s Approval To Acquire 80% of Finibanco

Business

VIDEO: Female Student Suffers Panic Attack In Access Bank, Security Snubs Her

A female student allegedly suffered a panic attack at the Access Bank branch in Rivers State University, Port Harcourt, as Nigerians struggle to access their money from banks across the country. In a video recorded on Wednesday, 8 February 2023, by Aka

February 8, 2023

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Naira Regains Some Value Lost To Dollar, Forex Traders Raise Transaction Volume

Buhari Lists 7 Benefits Of CBN’s Naira Redesign Policy, Defends Emefiele’s Actions

Naira Redesign: Revoke Central Bank Office’s C of O – Shehu Sani To Ganduje

Foreign Representatives Meet CBN’s Emefiele Over Naira Redesign Chaos

Presidency Contradicts CBN, Banks On Supreme Court Ruling On Old Naira Notes

UPDATED: Print New Notes Or Release Old Naira – State Council

Old Naira Deadline: FG Bows To Supreme Court Order, CBN Keeps Mum

Naira Scarcity: Nigerians Have Been Betrayed By Banking System – TUC Says, Threatens FG

UPDATED: IMF, World Bank Warn CBN On Naira Transition Timeframe

VIDEO: Female Student Suffers Panic Attack In Access Bank, Security Snubs Her

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