Cheque Transactions Down to N482.5bn in Two Months Low Naira Supply
The total value of cheque transactions fell to N482.5 billion in the first two months…
Category: Currency
Emefiele Eventually Gives in to Pressure and Declares Old Naira Notes to be Legal Currency.
Godwin Emefiele, the governor of the Central Bank of Nigeria, succumbed to pressure on Monday…
Commuters Face Hard Times as Old Notes Rejection Continues
During the weekend, a number of bank clients, employees, and commuters were left stranded in…
Banks Ration Cash As Gas Stations And Others Refuse Old Naira.
The latest initiative by several Deposit Money Banks to re-circulate old N500 and N1,000 notes…
Supreme Court Order On Old Notes: Banks In Partial Compliance.
Deposit cash The Supreme Court’s ruling authorizing the use of old N1,000, N500, and N200…
The APC And Bank CEOs Work Quickly To Fix The Naira Crisis.
In a last-ditch effort to resolve the lingering cash crisis that has thrown the entire…
President Buhari Grants a 60-day Extension to Turn in Outdated Currency.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…
Emefiele Explains Redesign As Naira Crisis Intensifies
The Central Bank of Nigeria failed to clarify the legal tender status of the old…
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…
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 After The Election.
Ondo, Kano, and Ekiti states have joined the lawsuit that Kaduna, Kogi, and Zamfara states…
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…
CBN Proposed To Fine Banks Hoarding New Naira Note.
The Central Bank of Nigeria may fine banks hoarding new notes a sum of N5m…
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…
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 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.…
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…
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…
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…
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…
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…
Ghana’s Currency Depreciates Further Against the US Dollar.
Despite performing admirably over the past month, the Ghana cedi is now starting to lag…
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…
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…
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…
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…
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…
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…