CBN

CBN made critical mistakes that doomed naira redesign

Nigeria has successfully introduced new banknotes on about 10 occasions since independence in 1960. So why...

Naira scarcity: No big relief for Nigerians after CBN meeting

The Central Bank of Nigeria signalled Tuesday its decision to take cash out of...

Nigeria’s central bank raises interest rate on price pressure

The Central Bank of Nigeria raised its benchmark lending rate by 50 basis points...

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...

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...

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...