Naira

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…

Godwin Emefiele, the Governor of the Central Bank has confirmed that President Muhammadu Buhari will unveil the designed Naira notes tomorrow Wednesday, November 23, 2022. Emefiele announced this during the Central Bank’s Monetary Policy…

The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has said the decision to redesign the naira is aimed at returning hidden public funds. Bawa stated this in an interview with Deutsche Welle DW Hausa…

The Senate has mandated its Committee on Banking, Insurance and other financial institutions to embark on an aggressive oversight to ensure Nigerians are adequately protected from operations of CBN and banks on implementing the naira…

Governor Mai Mala Buni on Monday called on commercial banks to provide easy means for their customers in Yobe to offload naira notes the federal government planned to replace in 2023. Mr Buni noted that if banks had more branches,…

The Central Bank of Nigeria (CBN) has restated its commitment to protecting the interests of millions of unbanked and underserved Nigerians, mostly residing in rural areas. The apex bank made this known on Sunday in a statement by its…

The Central Bank of Nigeria (CBN) on Thursday said counterfeiting and hoarding were the reasons for redesigning and issuing new naira notes. Amina Abdulmalik, Deputy Director, Currency Operations Department, CBN, said this at the apex…

The naira has rebounded by 20.8 per cent to 720/dollar at the parallel market, findings by The PUNCH have shown. The development came two weeks after the local currency came under severe pressure at the black market, following the…

Enoch Adeboye, General Overseer of the Redeemed Christian Church of God (RCCG), is bemused by the decision to redesign the naira whose value has crashed to a historic low in recent weeks, asserting the currency “is not even worth the paper…