CBN breaks silence on Supreme Court order, accepts December 31 deadline for old naira notes
The Central Bank of Nigeria has finally broken its silence on the controversy over the naira redesign policy as it ...
Tag: Naira
Governor El-Rufai says Emefiele introduced naira redesign policy to help PDP win 2023 elections Â
The Kaduna State Governor, Nasir El-Rufai, has said that the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, introduced the ...
CBN says President did not order release of old N500 and N1000 notesÂ
The Central Bank of Nigeria (CBN) has reacted to reports that President Muhammadu Buhari authorized the reissuance of old N500 ...
Naira swap: FG says it would obey Supreme Court ruling suspending CBN’s February 10 deadline
The Federal Government has said it would obey the Supreme Court ruling that temporarily suspended the February 10 deadline given ...
Traders explain why the exchange rate fell to N745/$1 on the 9th of January 2023
We interviewed traders to get their views on why the exchange rate depreciated on the first working Monday of the ...
Exchange rate crisis drops foreign investor participation in stock market to 16.8%
The exchange rate crisis is affecting foreign investor inflows into Nigeria’s stock market
Does this data confirm CBN is to blame for increase in currency outside banks?
The total amount of currency outside of Nigerian banks rose by N1 trillion to a whopping N2.8 trillion as of ...
Nigerians lament that prices are still high despite naira gains
Now that the exchange rate has appreciated, prices are not falling as quickly, resulting in what is known as price ...
Naira Appreciates to N730/$1 at Black Market
A black market operator said the initial depreciation was caused by panic buying
Naira crashes to an all-time low of N1005/1£, Nigerians react Â
 The rapid depreciation of Nigeria’s local currency will likely cause inflation
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Naira gains further at the black market, trades at N736/$1 on 30th December 2022Â
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