Naira

The Economic and Financial Crimes Commission on Tuesday carried out simultaneous operations against Bureau de Change operators in Abuja and Kano, as the Naira slumped to N857 to a dollar at the parallel market. It was gathered that the…

Former Emir of Kano, Muhammadu Sanusi, has assured that the Arabic inscription in the naira notes would not be removed from the redesigned currency. Sanusi claimed the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele assured him…

The United Bank for Africa (UBA) has announced that their branches will now open on Saturdays for deposit. In an email to its customers on Friday, the bank said “following the CBN announcement on the introduction of new naira notes, we…

In an apparent response to claims by the Minister of Finance, Budget and National Planning, Zainab Ahmad, that her ministry was not carried along by the Central Bank of Nigeria, in the ongoing process of redesigning three series of the…

The Finance Minister also warned the CBN that the naira redesign policy will come with some consequences. The Minister of Finance, Budget and National Planning , Zainab Ahmed, has said the Central Bank of Nigeria (CBN) didn't consult her…

Financial experts have commended the Central Bank of Nigeria (CBN) for its decision to redesign the naira, saying it would positively affect the economy. The experts spoke in separate interviews on Thursday. They spoke against the…

Good afternoon Ladies and Gentlemen, and welcome to this special press briefing at the Central Bank of Nigeria. We have called this gathering to inform all our stakeholders and the general public of persisting concerns we currently face…

Nigeria’s Central Bank has moved to unveil newly designed 200, 500 and 1000 naira notes by the end of the year. On Wednesday, the apex bank’s governor Godwin Emefiele disclosed that plans were being made to launch new naira notes by…

The Naira on Monday exchanged N441.25 against the dollar at the Investors and Exporters window, making a slight appreciation. The figure represented a slight increase of 0.03 percent when compared to the N441.38 it exchanged for the…

The naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33k. The rate represented a 0.04 per cent appreciation compared to the N436.50k for which the dollar was exchanged…