“We Are Working To Avert Further Naira Fall” – CBN
With an escalating demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has assured that it...
BREAKING: CBN Extends Old Naira Use Deadline Till February 10
The Central Bank of Nigeria (CBN) has announced a 10-day extension of the deadline for the use of old naira notes across Nigeria.
The CBN...
JUST IN: CBN sells forex to BDCs @N1,251/$1, instruct them not...
The Central Bank of Nigeria has sent a circular to BDCs alerting them that they had sold $10,000 to each BDC at a rate...
Naira crashes to N775/$ days after CBN announced new naira notes
The naira fell to an all-time low of N775 per dollar two days after the Central Bank of Nigeria (CBN) announced it would redesign...
CBN to phase out old Naira notes gradually
The Central Bank of Nigeria (CBN) has confirmed its intention to phase out the old N200, N500, and N1,000 naira notes gradually.
Folashodun Shonubi, the...
CBN Upgrades Opay, Moniepoint, Kuda to National Licences
The Central Bank of Nigeria (CBN) has upgraded the operating licences of major FinTech companies and microfinance banks, including OPay and Moniepoint, to national status, allowing them...
Airline Operators To Get 3-Months’ Supply At ₦480 – NNPC
The Nigeria National Petroleum Corporation (NNPC) Ltd, airline operators and marketers have resolved on a common ground in the interim to take measures that...
King Charles Banknotes Will Go Into Circulation In The UK By...
On Tuesday, the Bank of England revealed the designs for the first banknotes featuring King Charles III's image, estimating that they will be in...
Nigerian Billionaire, Mike Adenuga Loses $300 Million
Nigerian billionaire, Mike Adenuga has lost a staggering $300 million.
This is according to a report by Nairametrics.
The report stated that the Chairman of Conoil...
BREAKING: Naira appreciates to N669/$1 at the peer-to-peer market
From N692.25/$1 on Monday, August 1, 2022, the exchange rate between the naira and the US dollar increased to N669/$1 on Tuesday morning. This...