New naira: Rich Nigerians deposit bales of cash in banks
Days after the Central Bank of Nigeria announced the redesign of the N1,000, N500 and N200 notes, with a directive that the current notes be …
Naira
What is this ‘Arabic sign’ on the naira all about?
What exactly is this ‘Arabic sign’ on Nigeria Naira notes? Is it Arabic or Hausa? Long before the British colonial government thought of amalgamation — …
How CBN’s naira redesign will affect Nigeria’s economy
The Central Bank of Nigeria (CBN), on Wednesday, announced that it redesigned some new naira notes. Speaking on the development, Godwin Emefiele, CBN governor, …
CBN announces Naira notes re-design; circulation date
The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. He also …
How New Naira Notes Redesign Will Favour Peter Obi In 2023
“Somehow, God is helping Peter Obi as he gradually moves nearer to Aso Rock in 2023. Many people might not understand what the breaking …
Quickly remove nails in Nigeria’s coffin – or we die!
The nails in the coffin of Nigeria have been placed over the years and may differ from analysis to analysis. Nails like the long one …
US Dollar vs NIG Naira: The Real Issues
US Dollar vs NIG Naira: The Real Issues by Dr. Oni Gbolabo Appreciation and depreciation of currency is not related to race or color or …
Nigeria’s coming Economic Meltdown
We potential sit on the precipice. This time it is potentially for real and all we need is a trigger or a rash, not-well-thought-through action, …
Naira slides to N707/$ at parallel market as FX scarcity persists
Nigerian naira, on Wednesday, weakened to N707 a dollar at the parallel section of the foreign exchange market. The figure represents N42 or 7.45 …
Court jails Chinese two years for Naira mutilation
The Lagos Zonal Command of the EFCC on Tuesday, May 31, 2022, secured the conviction and sentencing of one Li Lei Lei, a Chinese national, …
Why We Can’t Sanction The Spray Of Naira Notes – CBN
The Central Bank of Nigeria (CBN) cannot enforce laws against violators of the currency or financial rules of the bank, officials have said. They …
Naira weakens at N500/$1 after new rates by CBN
The naira, on Monday, weakened further at N500 to the dollar after the Central Bank of Nigeria (CBN) adjusted the exchange rate across foreign exchange …
Naira stabilizes across forex markets, as BDCs get another round of dollar allocation
Forex turnover improved by 43 per cent as Nigeria’s exchange rate at the NAFEX window stabilized to close at N386/$1 during intraday trading on Thursday, …
How CBN depreciates Naira in favour of US Dollar
The Central Bank of Nigeria (CBN) have allegedly been preventing Naira from appreciating against the US Dollar deliberately. According to report, the apex bank, …
Market weaken as Naira slumps to 452/$
Nigeria market weaken as Naira slumps to 452/$ at the parallel market on Wednesday over speculations by operators in the market and the effect of …