Naira

CBN Has My Backing For Redesigning Naira Notes – Buhari

President Muhammadu Buhari Sunday said the decision of the Central Bank of Nigeria (CBN) to launch new designs and replace…

2 years ago

Naira Redesign in Overall Interest of Nigerians, Economy – CBN

*Insists due approval sought, obtained from Buhari  *Moghalu backs apex bank, says policy will address insecurity The Central Bank of…

2 years ago

We only need presidential, not ministerial approval for naira redesign; CBN replies finance minister

The Central Bank of Nigeria has said the only approval it requires for its planned redesign of the naira is…

2 years ago

Forex scarcity bites harder, as Naira hits N742/$ at parallel market

The naira has dropped to a record low of N742 per dollar at the parallel section of the foreign exchange…

2 years ago

Forex Scarcity: Banks Suspend International Transactions On Naira Debit Cards

Nigerians will not be able to use their Naira debit cards for international transactions as scarcity of foreign exchange (forex)worsens…

2 years ago

CBN defends naira with $7.6bn in five months

The Central Bank of Nigeria injected $7.6bn into the economy to stabilise the value of the naira in five months.…

2 years ago

Trapped Funds: British Airways Blocks Travel Agents From Paying In Naira, Mulls Flight Suspension

As the issue of trapped $464m foreign airlines’ funds lingers, British Airways may stop flying to Nigeria as from December…

2 years ago

Naira gains after remaining constant for 2 days

The Naira on Friday appreciated against the dollar at the Investors and Exporters window, after remaining constant in value for…

2 years ago

Falling naira: EFCC threatens to arrest dollar hoarders

The Economic and Financial Crimes Commission has threatened to arrest Nigerians hoarding dollars and other foreign currency. Chairman of the…

2 years ago

Naira strengthens to N665/$ at parallel market — days after EFCC raided BDC hub

The naira, on Tuesday, sustained its momentum at the parallel market, appreciating to N665 per dollar a few days after…

2 years ago