The exchange rate between the naira and the U.S. dollar moderated at the black market to N800/$1 yesterday representing a 6.43 per cent appreciation when compared to the N855/$1 recorded in the previous trading session. Meanwhile, the exchange rate still varies…
The Naira has continued to depreciate at the official and parallel markets despite the increase in foreign exchange inflows into the economy in the second quarter of 2022. The latest quarterly statistical bulletin of the Central Bank of Nigeria (CBN)…
By Idris Bakare Former Governor of the Central Bank of Nigeria (CBN) Muhammadu Sanusi II said he has been informed that the redesigned Naira notes will retain the Arabic sign on the current notes. Sanusi, a former Emir of Kano,…
Following the proposed move by the Central Bank of Nigeria, CBN, to redesign Naira notes, the Senior Pastor of Awaiting The Second Coming Of Christ Ministry, Adewale Giwa, has warned that it will set the country backwards. According to Giwa,…
In the face of rising inflation rate, the Central of Bank of Nigeria (CBN) announced the decision to redesign Naira’s higher denominations in a bid to take control of money in circulation in the country. The CBN gave deadline to phase…
…Stresses Nigeria stands to gain from exercise …Experts maintain mixed reactions …CBN’s move good for mopping up excess liquidity from circulation —ANAN By Seun Ibiyemi and Matthew Denis Abuja More controversies on Sunday trailed the redesign of Naira by…
The Central Bank of Nigeria (CBN) said it followed due process in its decision to redesign some denominations of the naira, adding that the exercise was 12 years overdue. The apex bank made this known via its verified twitter account…
The Central Bank of Nigeria (CBN) announced its plans to introduce new designs of the N200, N500 and N1,000 notes by December 15 amidst ‘economic woes’. This is one of the few policies considered good politically and economically for Nigeria.…
The exchange rate between the Naira and the US dollar at the black market fell significantly by 1.75 per cent to trade at N755/$1 on Friday, 21st October 2022, when compared to N742/$1 recorded in the previous trading session. This…
The exchange rate between the Naira and the US dollar at the black market increased by 0.13 per cent to trade at N742/$1 on Thursday from N743/$1 recorded in the previous trading session. The Naira at the cryptocurrency peer-to-peer FX market…
