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Redesigned naira

CBN Places Service Restriction On PoS Agents Across Nigeria
Business

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

The Central Bank of Nigeria (CBN) has responded to the request made by an activist lawyer, Femi Falana (SAN), to provide details of the disbursement of the new N200, N500 and N1,000

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by Fakoyejo Olalekan
3 weeks ago
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

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by Fakoyejo Olalekan
1 month ago
Naira Closes High, As Dollar Rate Depreciates
Business/Currency

Dollar Rate Rises As Naira Note Scarcity Hits Nigerian Banks

The Dollar rate appreciated in the official foreign exchange market on Thursday, 2, February 2023, as Nigerian commercial banks struggle to make Naira available to the public. According to data obtained from

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by Fakoyejo Olalekan
2 months ago
Emefiele Directs Bank CEOs To Start Accepting, Disbursing Old Naira Notes
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

More
by Fakoyejo Olalekan
2 months ago
UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hit Banks
Business

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hits Banks

Nigerian banks are rationing the new naira notes, struggling to increase circulation, as the deadline to phase out the old legal tender nears. Prime Business Africa reported that the Central Bank of

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by Fakoyejo Olalekan
2 months ago
CURRENCY SWAP DEADLINE: N100trn National Output At Risk - CPPE
Business/Currency/Insights

4 Features To Help You Identify New Naira Notes

Amid circulation of fake N1,000 notes, the Central Bank of Nigeria (CBN) has released security features of the new naira notes that will help Nigerians isolate fake notes from the newly redesigned

More
by Fakoyejo Olalekan
3 months ago
Nigerians Rush For Dollar, Push USD Rate Up Amid Naira Scarcity
Business/Currency/Top Stories

Black Market Dollar Rate Jumps Amid Scarcity Of New Naira Notes

In the Bureau De Change window of the black market, the dollar maintained its dominance over the naira after appreciating by 1.34 per cent on December 15, 2022. The exchange rate between

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by Fakoyejo Olalekan
3 months ago
Nigeria needs $10bn annually to fix infrastructure –CBN
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

More
by Fakoyejo Olalekan
4 months ago
Breaking: Supreme Court Set March 3 For Final Judgement On CBN's Naira Redesign Policy
Business/Currency

Rise In Dollar Rate: 4 Ways New Naira Will Affect Nigerians, Economy

Last week Wednesday, President Muhammadu Buhari unveiled the new naira redesigned by the Central Bank of Nigeria (CBN), opening a new vista of events in Nigeria’s monetary policy management framework. The redesigned

More
by Fakoyejo Olalekan
4 months ago
Breaking: Supreme Court Set March 3 For Final Judgement On CBN's Naira Redesign Policy
Business/Latest News

ICAN Partners Prime Business Africa, CBN For Webinar On New Naira Notes

The Nsukka and District Society arm of the Institute of Chartered Accountants of Nigeria (ICAN) is partnering with Prime Business Africa (PBA) to enlighten  stakeholders, and all Nigerians on the impact of

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by Fakoyejo Olalekan
4 months ago
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