CBN says President did not order release of old N500 and N1000 notes
The Central Bank of Nigeria (CBN) has reacted to reports that President Muhammadu Buhari authorized the reissuance of old N500 ...
The Central Bank of Nigeria (CBN) has reacted to reports that President Muhammadu Buhari authorized the reissuance of old N500 ...
The Federal Government has said it would obey the Supreme Court ruling that temporarily suspended the February 10 deadline given ...
We interviewed traders to get their views on why the exchange rate depreciated on the first working Monday of the ...
The exchange rate crisis is affecting foreign investor inflows into Nigeria’s stock market
The total amount of currency outside of Nigerian banks rose by N1 trillion to a whopping N2.8 trillion as of ...
Now that the exchange rate has appreciated, prices are not falling as quickly, resulting in what is known as price ...
A black market operator said the initial depreciation was caused by panic buying
The rapid depreciation of Nigeria’s local currency will likely cause inflation
Since the CBN announced that it was redesigning N200, N500 and N1000 notes, there has been a significant increase in ...
Due to the surging cost of importing foreign used vehicles, dealers have reduced their orders even as the cost per ...
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