Security Agency Detains Nigeria’s Suspended Anti-Bitcoin Central Bank Governor
The Central Bank of Nigeria governor, Godwin Emefiele, was suspended by Nigerian President Bola Ahmed Tinubu on June 9 and was subsequently arrested by a...
Nigeria-China Currency Swap: Activist Lawyer Accuses IMF and World Bank of ‘Economic Sabotage’ to Promote US Dollar, Urges Nigeria to Join BRICS
Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the foreign money...
After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender
The Nigerian central financial institution has mentioned the lately demonetized ₦200, ₦500 and ₦1,000 banknotes will stay authorized tender till Dec. 31, 2023. The central...
Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes
According to native studies, Nigerian monetary establishments have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetization of...
Nigerian Cash Crisis: Benue State Residents Resort to Barter Trade
Faced with money shortages brought on by the central financial institution’s foreign money insurance policies, merchants within the Nigerian state of Benue have reportedly resorted...
Moody’s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks
The persistent shortage of overseas trade could pressure the Nigerian central financial institution to delay repaying the $10.4 billion owed to native banks, analysts at...
Nigerian President Barred From Extending Old Naira Banknote Demonetization Deadline
With only a few days left earlier than the outdated naira banknotes are demonetized on Feb. 10 as scheduled, a court docket in Nigeria has...
Nigeria Extends Deadline for Returning Soon-to-Be Demonetized Naira Banknotes
After initially ignoring pleas to increase the interval for returning previous naira banknotes, the Nigerian central financial institution not too long ago mentioned it has...
Report: Nigerian Central Bank Spent Over $1.8 Billion Managing Local Currency
During her look earlier than Nigerian lawmakers, Aisha Ahmad, the deputy governor of the Central Bank of Nigeria (CBN), instructed lawmakers that out of the...
New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor
The Central Bank of Nigeria governor, Godwin Emefiele, has mentioned the newly designed naira banknotes are set to reinforce the effectiveness of the group’s financial...