Tag: CBN
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Banks BTA cut reveals Nigeria’s forex trouble as reserves hit 17-month low
Major Nigerian banks have announced cuts in personal travel allowance and business travel allowance payments to people travelling outside the country.
First Bank, Access Bank...
Naira shortage: Former statistician-general predicts N15 trillion cost on economy
Ongoing currency shortage, which has imposed devastating impact on Nigeria’s economy will likely cut the nation’s nominal gross domestic product for the first three...
Supreme Court orders CBN to allow use of old naira notes
The Supreme Court of Nigeria has ruled on the validity of old naira notes the federal government eased out of circulation last month causing...