Tag: Naira
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Chief Okoi Obono-Obla Urges Focus on Local Production and Patronage Amidst Economic Hardship
Chief Okoi Obono-Obla, a former presidential adviser, advocates for a deliberate push towards promoting the manufacturing and consumption of locally made goods in Nigeria, stressing the ... -
Finance Visionary Dr. Dominic Joshua Unveils Holistic Strategy to Uplift Naira
As the Nigerian naira faces a formidable challenge, plummeting to ₦1,520.123 against the U.S. dollar in the parallel market, Dominic Joshua, a distinguished entrepreneur, finance expert, ... -
CBN warns against hawking, counterfeiting, spraying of naira
The Central Bank of Nigeria (CBN) yesterday said it will continue to sustain the availability of naira notes even as it warned against counterfeiting, hawking and spraying of ... -
Buhari, CBN destroying lives, livelihoods with badly implemented naira policy: NECA
The Nigeria Employers’ Consultative Association has condemned the CBN’s poorly implemented new naira banknotes policy sanctioned by President Muhammadu Buhari, declaring it is ruining lives and ... -
Reps accept Emefiele’s apology, CBN gov allays fears
The House of Representatives, on Tuesday, accepted the apology of the governor of the Central Bank of Nigeria, Godwin Emefiele, over his failure to appear before ... -
BREAKING: CBN extends old naira deadline till February 10
The Central Bank of Nigeria has extended the deadline for the swapping of old naira notes with the redesigned ones till February 10, 2023. The CBN ... -
Withdrawal policy pushes up PoS transaction charges
Point of Sale (PoS) operators in Abuja have increased their charges by 300 per cent. They now charge N300 for every N10,000 withdrawn or transferred to ... -
Experts Speak on Naira Recovery As It Returns to Above N700 to a Dollar at Black Market
The Nigerian currency kicked off the new week on a low after closing impressively last week. According to Naira rates, Black market traders on Monday dropped ... -
Naira redesign: Put Arabic on all denominations – Islamic group tells CBN
The Central Bank of Nigeria (CBN) has received support from Muslim Rights Concern (MURIC) for its decision to redesign the naira. The Islamic human rights organization, ... -
Naira crashes to ₦800 per Dollar in parallel market
The naira’s unprecedented depreciation reached another alarming height under the President Muhammadu Buhari regime on Saturday. The naira is currently trading at 800 against the dollar on the ...