Currencies

The International Monetary Fund (IMF)  recently urged the Central Bank of Nigeria (CBN) to apply caution in its bid to...

The exchange rate between the naira and dollar on the black market is expected to hit N1000/$1 by the end...

Provisions of the Central Bank Act 2007 appears to give the CBN power to replace and issue new notes with...

Nigeria’s minister of finance has revealed that she was not consulted before the new central bank’s policy to change the...

The plunge was attributed to a spike in dollar demands prompted by CBN’s plan to redesign the naira

Nigeria’s manufacturers have devised ways to access foreign exchange given the perennial scarcity of forex in the official Central Bank...

The CBN said the policy would enable it to retake control of the excess money outside the banking system, thereby...

The latest policy of the central bank will likely affect the 2023 elections, corrupt money, money laundering, and the exchange...

Bawa said the move aligns with the objectives of the Money Laundering Prevention Prohibition Act 2022

Some of the experts who spoke to Nairametrics said the move was unnecessary