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With only a few days left earlier than the outdated naira banknotes are demonetized on Feb. 10 as scheduled, a court docket in Nigeria has...
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...
Nigerian Currency Gains Versus US Dollar Days After Tapping All-Time Low
Just a couple of days after plummeting to its worst change charge in opposition to the U.S. greenback ever, the Nigerian forex was buying and...
Nigerian Currency Redesign Controversy: Naira Slips by Almost 20%, Experts See Exchange Rate Reaching 1,000:1 USD Before Year End
The Nigerian forex appeared to speed up its decline versus the U.S. greenback after it slipped to a brand new low of 900 naira for...
Nigeria’s Central Bank Doubles Down on Plans to Introduce Newly Designed Naira Banknotes
The Nigerian central financial institution was, on Oct. 29, pressured to defend its controversial foreign money redesign plans, only a few days after they had...
Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low
Starting December 15, Nigerians will likely be utilizing newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria (CBN) has...
CBDC Ensures Nigeria Remains Competitive in Increasingly Digital World — Central Bank Governor
The governor of the Central Bank of Nigeria (CBN) has insisted the just lately launched e-naira digital foreign money can probably enhance commerce and funding...