Tag: Naira
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Economic crisis: Nigeria records huge foreign direct investment fall
Foreign direct investment into Nigeria decreased by a third in 2022 and fell massively from its peak in 2008.
- Key points to note
The National...
CBN ends disruptive naira policy, begins release of notes
Nigeria's central bank has finally ended its policy of seizing higher bank notes months after introducing the expensive measure that badly affected lives and...
Nigerian workers declare strike as naira scarcity worsens
The Nigeria Labour Congress (NLC) has directed workers to remain at home from next Wednesday in protest of the biting cash scarcity that has...
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...