Tag
CBN
Sokoto, Bayelsa and Jigawa States led the list of Nigerian states with the highest multi-dimensional poverty index
The total amount of currency outside of Nigerian banks rose by N1 trillion to a whopping N2.8 trillion as of October 2022
Delays in the redesign caused 80% of the currency in circulation to be outside the bank
He also reiterated that the new and existing currencies would remain legal tender and will be circulated alongside each other until January 31, 2023
The lawmakers also questioned the impacts the redesign will have on the economy and residents living in rural areas
Three cement companies recorded N78.6 billion in foreign exchange losses between January and September 2022
Nigeria owes $151.3 billion worth of public debt as of June 2022
As Nigeria battles with a crashing local currency, the International Monetary Fund (IMF) has warned that dollarisation is hard to revert
eNaira has recorded 700,000 transactions valued at N8 billion since its inauguration on Oct. 25, 2021
Global practices recommendation is that countries of the world should redesign the currency notes every five to eight years
Since founded in 2007 following the Central Bank of Nigeria’s initiated reforms in the banking industry, Investment One...
FITC attributed the high spate of digital risks in Nigeria to the digitization of banking services