Naira Redesign, Cash Swap Leads to Recovery of N1.9 Trillion Previously Held Outside Banking System, CBN Reports
The Central Bank of Nigeria (CBN) has said that following its naira notes redesign and cash swap policy, it has...
BREAKING: CBN extends deadline for old naira notes to Feb 10
The Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days....
Nigerians become enraged by the scarcity of the new naira note.
Nigerians are agitated and curious over the currency redesign policy of the central bank of Nigeria (CBN). The old naira...
FCTA bans POS operators from residential areas
The federal capital territory administration (FCTA) has ordered point of sale (POS) operators to limit their operations to commercial zones....
New Naira: Bank ATMs and POS stop dispensing cash
Nigerians are currently dealing with a cash shortage problem after bank ATMS and POS around major cities in the country...
Federal Government to intensify the use of technology to fight crimes.
The federal government has promised to continue to give prominence to the use of technology in fighting crimes. This information...
Naira appreciates to N748/$ in the parallel market.
Naira appreciated against the US dollar at the parallel market on Friday morning, 27 January 2023, to trade at an...
MPC tightening monetary policy: its effect on small businesses in Nigeria
The Monetary Policy Committee's decision to aggressively tighten the monetary policy rate has raised several concerns, particularly among small firms....
Naira appreciates to N750/$ in the parallel market.
Naira appreciated against the US dollar at the parallel market on Thursday morning, 26th January 2023, to trade at an...
CBN estimates that over 2 trillion naira in cash will be returned to banks.
The CBN has estimated that the currency note redesign will result in the return of over 2 trillion naira to...
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