Naira

The Association of Bureaux De Change Operators of Nigeria (ABCON) says the CBN’s naira redesign policy has fuelled the currency’s stability at the parallel market. ABCON president Aminu Gwadabe stated this on Sunday in Lagos. Mr…

The Central Bank of Nigeria (CBN) has vowed to sanction commercial banks dispensing old naira notes ahead of the January 31 deadline. Dr Abdullahi Abubakar Kure, a director at the CBN and serving Managing Director of NIRSAL Microfinance…

The naira on Friday exchanged at 456.50 to the dollar at the Investors and Exporters Window. The figure represented a decrease of 0.05 per cent, compared with N456.25 it exchanged on Thursday. The open indicative rate closed at…

Economists have urged the Central Bank of Nigeria (CBN) to take firm control of the quantity of the redesigned naira notes it would release into circulation to avoid hoarding and counterfeiting. The experts gave the advice in…

The newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to their customers via over-the-counter payments. This came about three weeks after the President, Major General…

The Economic and Financial Crimes Commission, Makurdi office, and Benue State Police Command have debunked the report trending on social media of alleged discovery of old naira notes in the capital city. The video shows sacks of…

The Central Bank of Nigeria (CBN) warned on Tuesday in Abuja that Nigerians caught abusing the naira were liable to go to jail. It warned that those who spray and step on the naira, especially at social gatherings, are liable to six…

Central Bank governor Godwin Emefiele says the new naira notes are already in banks and ready for issuance. Mr Emefiele made the statement at Daura while on a visit to brief President Muhammadu Buhari on the naira redesign and the…

The naira on Wednesday exchanged at 445.83 to the dollar at the Investors and Exporters window, a depreciation of 0.01 per cent, compared with the 445.80 it exchanged on Tuesday. The open indicative rate closed at N444.25 to the dollar…

President Muhammadu Buhari on Wednesday unveiled the newly redesigned N1000, N500 and N200 notes, the first time in almost 20 years that Nigeria will redesign its currency. The unveiling preceded the Federal Executive Council meeting at…