1. President Muhammadu Buhari, on Sunday, backed the decision of the Central Bank of Nigeria, CBN, to launch new designs of the naira denominations. Buhari...
President Muhammadu Buhari has cleared the air on the controversy surrounding the move by the Central Bank of Nigeria (CBN) to redesign the naira notes,...
Less than 48 hours after the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele announced that the apex bank would redesign the country’s...
The Naira rebounded with a marginal gain against the U.S. dollar at the official forex market on Friday, after the currency rate remained unchanged in...
The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Some Bureau de Change...
The Nigerian currency, the Naira suffered another major setback on Monday, losing N5 to close at N550 to a dollar at the parallel market. The...
The naira on Thursday continued its downward spiral on the parallel market, selling for N543 to the dollar. While bureau de change operators in Abuja...
The naira on Monday weakened to new low of N527 to dollar in the parallel market. The local currency position represents N3 depreciation from N524...
The Central Bank of Nigeria (CBN) is working with the police and other relevant agencies to arrest and prosecute abusers of the nation’s currency, the...
The depreciation in the value of the Naira has been attributed to the effects of the COVID-19 pandemic on the economy. The deputy governor, Corporate...
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