Naira
Just in: CBN increases interest rate to 18.50 percent
The Central Bank of Nigeria (CBN), after a two-day Monetary Policy Committee (MPC) meeting on Wednesday, has once again raised the interest ceiling...
Bank notes scarcity: Time up for PoS operators?
To avoid putting up with massive crowds at banking halls and ATMs, Nigerians who are looking for cash have to choose between paying...
Rejection of old Naira notes: Kogi gov. threatens to seal erring banks, prosecute people rejecting it
Kogi Gov. Yahaya Bello has sounded a note of warning to banks which reject old notes in the state that they will be...
CBN Governor Emefiele meets with CEO’s of 15 banks to ease cash crunch
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that he has met with 15 heads of commercial banks to...
CBN’s Naira redesign: A political flip-flop or fiscal game changer to rescue the currency?
Kingsly Moghalu ``The move by the CBN is also a way to withdraw currency from circulation, an unorthodox way of tightening the money...
Breaking: Naira rebounds, exchanges at N445.38 to dollar
After several months of being on a downward trend, Nigeria’s currency — the Naira — on Monday appreciated against the dollar at the...
Fact Check: Video of N5,000, N2,000 banknotes is fake — CBN Official
A recent trending video claiming the Central Bank of Nigeria (CBN) has introduced N5,000 and N2,000 banknotes in Nigeria is fake and should...
Breaking: Nigeria to launch new currency note December 15
By Ajuma Edwina Ameh The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Wednesday announced that Nigeria will launch new...
Nigeria’s exchange rate: Governed by vagaries of high demand for the dollar, Nigerians’ penchant for luxuries, medical tourism – Per Second News analysis
The Nigerian Naira’s continued slide against the dollar and other foreign currencies is subject to the vagaries of the high demand...
Nigeria’s currency, the Naira, is overvalued, says IMF
The International Monetary Fund (IMF) says Nigeria’s currency, the Naira is overvalued at the official market by about 18.5 per cent, advising...
Nigeria’s exchange rate remains stable -CBN
The Central Bank of Nigeria has denied allegations of changes in Nigeria’s exchange rate. ” There has been NO change in Nigeria’s exchange...
Ahead of 2019 elections, CBN to spend $53billion to defend naira
…..Says it could increase items on forex restriction list to 50 The Central Bank of Nigeria (CBN) said over the weekend that it...
Adeosun: Naira will Continue To Get Stronger
[dropcap]T[/dropcap]he Naira has every reason to keep rising says minister of finance Kemi Adeosun. The minister on Thursday said there’s no significant risk of...
UBA Increases International Spend Limit on Naira Cards to $2000.
Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its...
