The President of the Federal Republic of Nigeria, Muhammadu Buhari has unveiled the new currency notes on Wednesday morning before the Federal Executive Council (FEC) meeting at the state house, ...
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) on how to solve the Naira depreciation and exchange rate crises. According to the IMF, for Naira ...
The Central Bank of Nigeria (CBN) has disclosed that it could not enforce laws against breachers of its currency or financial rules. CBN's Corporate Communications Acting Director, Osita Nwanisobi who represented ...
According to annual report data from the Central Bank of Nigeria, Nigeria spent N307 billion on printing banknotes between 2014 and 2019. The cost increased from N31.1 billion to N75.5 billion ...
The naira weakened by one per cent on the black market on Thursday to 370 against the United States dollar, its weakest since August 2017. Traders said some black market ...
The Naira on Monday weakened against the dollar at the investorâs (I&E) window, exchanging at N364.28, weaker than N363.68 traded on Friday. Market turnover at the I &E window stood ...
The Central Bank of Nigeria on Monday injected another $210m into various segments of the inter-bank foreign exchange market. This came on the heels of the regulatorâs $304.4m Retail Secondary ...
The naira closed at 363 per United States dollar at the parallel market on Tuesday, the same rate it closed before the New Year break on Friday. The local currency, ...
The naira rebounded on Monday and closed at 366 per United States dollar. The local unit, which opened last week at 369/dollar had closed at 367/dollar on Friday. The naira ...
The Naira may depreciate against the United States dollar at the parallel market on dollar shortage next week. The local currency closed at 365/dollar on Thursday, the same level it ...
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