CBN denies naira devaluation to N630 per dollar report
By Business A.M. The Central Bank of Nigeria (CBN) has debunked a report by a national daily, claiming that the apex bank has devalued
Supreme court adjourns naira redesign case till Feb. 22
By Business AM The Supreme Court of Nigeria has adjourned proceedings on the naira swap policy of the Central Bank of Nigeria (CBN)
IMF advises CBN to extend naira swap deadline over lingering scarcity
By Onome Amuge The International Monetary Fund (IMF) has called on the Central Bank of Nigeria (CBN) to extend the February 10 cash
CBN cash swap programme to promote new naira circulation
By Onome Amuge The Central Bank of Nigeria (CBN) has introduced a cash swap programme in partnership with super agents and deposit
CBN threatens to revoke banks’ forex licence over diaspora remittances in naira
By Onome Amuge The Central Bank of Nigeria (CBN) threatened to withdraw foreign exchange dealership licences of banks that
CBN insists on cashless economy as Buhari unveils new naira notes
By Business AM Nigeria’s President Muhammadu Buhari has unveiled the country’s redesigned N200, N500 and N1,000 banknotes.
CBN commits to protecting underserved Nigerians in new naira rollout
By Rosemary Iwuala The Central Bank of Nigeria (CBN) has committed to protecting the interests of millions of unbanked and underserved
Naira firms at N730/USD, but analysts say gain unsustainable
By Business a.m. The recent recovery of the naira against the dollar, though good to tame the tide of rising inflation in the country,
Engage MFBs to drive naira redesign policy, analyst tells CBN
By Rosemary Iwuala The Central Bank of Nigeria (CBN) has been urged to involve microfinance banks (MFBs) in the country in the
Citing economic benefits, Buhari backs CBN’s naira redesign plan
BY CHUKS OLUIGBO The raging opposition to the Central Bank of Nigeria’s plan to redesign and replace N200, N500