Latest stories tagged with Naira
The Central Bank of Nigeria (CBN) has raised concerns over a surge in fraudulent claims involving foreign currency transfers. Fraudsters, the bank revealed, are increasingly using falsified SWIFT documents to deceive unsuspecting Nigerians....
The Nigerian naira has plummeted to a new low, reaching around N1,740 to the dollar in the parallel market this October, further intensifying concerns over the currency's stability and the broader economic outlook. This drop, from approxima...
Global credit ratings agency, Fitch Ratings, has warned that Nigeria’s exchange rate might appreciate due to scarcity of Naira notes. Fitch made this known in a report dated 14 February 2023 and titled ‘Nigeria’s Economic Challenges Highlig...
Earlier today, in a live broadcast, President Mahammadu Buhari has ordered the CBN to release the old N200 notes into circulation immediately till April 10, 2023 deadline when it will stop being legal tender. He also stated that the Old nai...
Commercial activities have been grounded in some areas in Ibadan, the Oyo State capital, following a protest embarked upon by residents over the deadline of the naira swap. The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele,...
THE SUPREME COURT OF NIGERIA STOPS FEDERAL GOVERNMENT OF NIGERIA FROM BANNING THE OLD NAIRA NOTES. This order was given on Wednesday, February 8th, restraining the FGN from executing the February 10th deadline of the old N1000, N500 an...