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Currency
President Buhari Grants a 60-day Extension to Turn in Outdated Currency.
President Muhammadu Buhari of Nigeria granted the go-ahead for the central bank to add another 60 days to the…
Emefiele Explains Redesign As Naira Crisis Intensifies
The Central Bank of Nigeria failed to clarify the legal tender status of the old notes, which made the problem…
After The Supreme Court’s Decision, The FG And CBN Will Take Action.
The Presidency has stated that because the Supreme Court would hear the case ,neither the Federal Government nor…
Rewane: Naira Crisis May Lead to $18 Million GDP Loss Monthly
According to estimates made by Mr. Bismarck Rewane, Chief Executive Officer of Financial Derivatives Company…
Governors Make a Move To Delay Supreme Court Reversal Of The Currency Swap Until…
Ondo, Kano, and Ekiti states have joined the lawsuit that Kaduna, Kogi, and Zamfara states originally filed, and…
Tinubu To CBN: Permit Old And New Naira Notes To Exist Together Until 2024
Contrary to rumors, Bola Tinubu, the All Progressives Congress (APC) presidential candidate, declared that he…
Due To Lack Of Naira, Sterling Bank Waives Transaction Costs.
All personal account transaction fees have been abolished, according to Sterling Bank, as a show of support for…
CBN Proposed To Fine Banks Hoarding New Naira Note.
The Central Bank of Nigeria may fine banks hoarding new notes a sum of N5m and members of the public selling the…
After The Deadline, Banks Would Still Accept Old Notes — Emefiele
Commercial banks in Nigeria will still accept old naira notes from customers after the February 10 deadline, the…
Nigeria’s New Naira: Racketeering Thrives In Abuja And Other States
In Abuja, the nation's capital, Lagos, Anambra and other states, black marketers were observed selling the new…
The CBN Has Agreed To Extend Exchanging Old Naira Notes By Ten Days.
CBN governor Godwin Emefiele in a statement said the new deadline is February 10, 2023. Emefiele made the…
CBN Promotes e-payments Ahead of Deadline for New Naira Notes.
As the Central Bank of Nigeria's deadline for the old and new currency notes on January 31, 2023 approaches, the…
Nigeria: Customers Flood Banks in Kebbi, Demanding New Naira Notes.
Customers in Birnin Kebbi flocked to banks to deposit or withdraw money, while several voiced concerns about the…
Banks Holding New Notes will be Sanctioned, Says the CBN.
Any commercial bank hoarding the new naira notes from the general public will face sanctions from the Central Bank…
Dollar Maintains Stability Prior to Key December Inflation Data.
A widely anticipated release of U.S. Consumer inflation data caused the U.S. Dollar to stabilize in early European…
The LCCI Foresees a Recession and Hyperinflation in 2023.
According to the Lagos Chamber of Commerce and Industry, weakening consumer demand, spiraling inflation, high…
Latest Updates on the Worlds Largest Crytocurrency- Bitcoin.
Despite a 5% increase to $871 billion since January 1 and a decline of more than 57% from this time last year, the…
Ghana’s Currency Depreciates Further Against the US Dollar.
Despite performing admirably over the past month, the Ghana cedi is now starting to lag behind the US dollar.…
The closure of Naira Cards alarms Traveling Bank Customers.
Nigerians won't be able to use their Naira debit cards for international transactions as the continent's largest…
Old Naira Notes: The Senate Requests That The Deadline be Moved to June 30.
Following the redesign of the N200, N500, and N1,000 banknotes, the Senate unanimously urged the Central Bank of…
UN: Nigerians are being Impacted by Falling Naira and Rising Food Prices.
According to a report by the United Nations Conference on Trade and Development, a combination of high food costs…
Yen is in Demand as Dollar Declines and Risk Sentiment Increases.
Due to the risk-on environment, the U.S. Dollar declined, but the Japanese yen was still in demand following the…
The Central Bank of Nigeria Raises Withdrawal Thresholds to Combat Cash Flow.
In an effort to reduce the use of cash, Nigeria's central bank significantly raised the weekly withdrawal caps it…
Kenya: Consumers Suffer as Shilling Hits a New historic Low.
Following the shilling's historic low against the dollar, which created the conditions for higher import costs and…
King Charles Banknotes’ First Images have been made Public.
The Bank of England has unveiled the new design for banknotes that feature the image of King Charles.
The only…
Banks Record the Serial Numbers Provided to Consumers when Using New Naira Notes.
In order to prevent counterfeiting, the Central Bank of Nigeria (CBN) has ordered banks to record the serial…
Banks to Commence Issuance of New Naira Notes Today.
The eagerly anticipated, newly redesigned Naira notes from the Central Bank of Nigeria (CBN) will start to…
Dollar Edges up Against Euro after U.S. Inflation Data.
The U.S. producer inflation data for November came in somewhat hotter than anticipated. As a result, the dollar…
Nigeria Won’t be Issuing Eurobonds in 2023.
According to Nigeria's finance minister Zainab Ahmed, the country has no intentions to issue Eurobonds in 2023…
Goldman AM Predicts 2023 will be the most Promising Year for Bonds in Almost a…
According to Gurpreet Gill, macro strategist for global fixed income at Goldman Sachs Asset Management, the coming…