CBN&#8217;s Extension of Old Naira Note Sparks Nationwide Discontent.

Nigeria’s stock exchange market closed on a bullish trend at the close of the last week of January 2023, as...

Outlook of Nigeria’s Foreign Reserve for the First Month of 2023

Nigeria’s external reserves had shown an unstable trend in the first month of 2023 following weak foreign investment flows and...

Naira appreciates to N740/$ in the parallel market.

Naira depreciates to N752/$ in the parallel market.

Naira depreciated against the US dollar at the parallel market on Monday morning, 30 January 2023, to trade at an...

CBN accuses commercial banks of hoarding the new naira note.

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...

13 days to the expiration of old naira, scarcity of the new notes persists.

BREAKING: CBN extends deadline for old naira notes to Feb 10

January 29, 2023

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.