Naira

CBN says it has ‘good quantity’ of scarce new naira notes

The Central Bank of Nigeria says it has continued to take delivery of redesigned...

Dollar falls after U.S. inflation report

The U.S. dollar experienced a sharp drop in value on Wednesday after the release...

Naira drops to record low on official market

Naira plunged to a new low against the United States dollar on Monday on...

Economic crisis: Nigeria records huge foreign direct investment fall

Foreign direct investment into Nigeria decreased by a third in 2022 and fell massively...

CBN ends disruptive naira policy, begins release of notes

Nigeria's central bank has finally ended its policy of seizing higher bank notes months...

Nigerian workers declare strike as naira scarcity worsens

The Nigeria Labour Congress (NLC) has directed workers to remain at home from next...

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...

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...