Nigerian banks cut forex payments to foreign travellers
Major Nigerian banks announced new amounts they will be paying as personal travel allowance and business travel allowance to people travelling outside the country,...
After long delay, CBN finally confirms old naira notes still in use
The Central Bank of Nigeria has finally confirmed that Nigerians can continue to spend the old 200, 500 and 1000 notes, taking more than...
No cash, no garri: Naira crisis punishes Nigerians more, CBN silent
Nigerians are paying dearly for the government’s mishandling of its currency replacement policy, with citizens increasingly losing the ability to buy food.
In several parts...
Naira shortage forces Heineken’s February sales to 15-year low
Heineken NV, world’s second largest brewer, says it had its worst February in 15 years resulting from a biting cash crunch in Nigeria.
Since December...
Policy Impact: How governorship poll shift will affect Nigerians
Nigeria’s electoral commission on Wednesday announced a surprise postponement of governorship and state assembly elections.
The polls, previously scheduled for March 11, will now hold...