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Zainab Ahmed, the Minister of Finance, Budget and National Planning, has rejected a plan by the Central Central Bank of Nigeria (CBN) to redesign naira, warning the...
Governor of the Central Bank of Nigeria, Godwin Emefiele, announced on Wednesday that the bank would release re-designed naira notes by December 15, 2022. Emefiele made...
Again, the naira, on Wednesday, weakened against the dollar at the parallel section of the foreign exchange market. It was gathered that the local currency depreciated...
Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday raided the Wuse Zone 4 base of most bureaux de change in Abuja. According to...
The Central Bank of Nigeria (CBN) has explained that the statement made by its governor, Mr. Godwin Emefiele, regarding the purchase of dollars with naira during...
The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers...
The Central Bank of Nigeria (CBN) stated that Nigerians’ import dependency is the cause of the falling Naira. The apex bank urges Nigerians to adopt homemade...
Economic experts and financial analysts have predicted a further depreciation of the naira, while also forecasting that the country’s Gross Domestic Product will grow by almost...
Banks have shifted personal travel allowance (PTA) and business travel allowance (BTA) rates from N413 to N419 per dollar, this, in turn, has caused the Nigerian...
The naira appreciated against the dollar at the parallel market on Monday as deposit money banks set up foreign exchange teller points for customers in line...
