Tag: Naira
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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 naira notes even when the bills are hard to come...
Dollar falls after U.S. inflation report
The U.S. dollar experienced a sharp drop in value on Wednesday after the release of data showing that consumer prices in March rose less...
Naira drops to record low on official market
Naira plunged to a new low against the United States dollar on Monday on the official market, according to data from the central bank-backed...
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...