Tag: Naira
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CBN made critical mistakes that doomed naira redesign
Nigeria has successfully introduced new banknotes on about 10 occasions since independence in 1960. So why has the latest attempt been so controversial and traumatic? And...
Naira scarcity: No big relief for Nigerians after CBN meeting
The Central Bank of Nigeria signalled Tuesday its decision to take cash out of the economy will not change much just yet, insisting its...
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...
Nigeria’s naira crisis choking small businesses
Christian John fears he might soon be forced to relocate from Abuja where he’s been operating a point-of-sale shop. At normal times, thousands of...