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Naira

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Wike joins opposition to interim govt, cautions Rivers indigenes not to allow provocation

Admin -
Rivers State Governor, Nyesom Wike has said those allegedlyworking to disrupt the February 25 and March 11 general elections are courting trouble amd should...
News

Governors meet Buhari, Nigerians on edge, tempers flare over cashless policy, new naira notes

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“Close my account; I don't want it again. Return my money. My children didn't go to school yesterday. They will go today,” an exasperated...
Business

The game at play as CBN denies scarcity of new Naira notes, Ortom backs NASS

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There is game at play among customers, banks, and the Central Bank of Nigeria! But what is it, many customers seek to know, even...
Business

CBN ups interest rate to 17.5%, insists on Jan 31 deadline for old naira notes

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The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rates from 16.5% to 17.5 percent to tame...
Business

New Naira notes: Minister of Finance says CBN did not consult her, warns of dire consequences for the Naira

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In a move that is bound to confuse many, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has distanced her ministry...
Statement

EFCC Hails CBN, Moves to Clampdown on Currency Hoarders

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The Economic and Financial Crimes Commission, EFCC, has applauded the move by the Central Bank of Nigeria, CBN, to redesign and reissue higher denominations...
Business

Emefiele: Why we are redesigning and introducing new Naira notes

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With approval from President Muhammadu Buhari, the Central Bank of Nigeria (CBN) is to introduce redesigned currency notes in efforts to shore up the...
Business

Naira in dramatic N60 bounce-back as EFCC boss meets BDC operators in Abuja, plan raid in major cities

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A week after agents of the Economic and Financial Crimes Commission ( EFCC) raided the notorious Zone 4 axis the Wise District of Abuja,...
Business

Senate summons CBN Governor free fall of naira

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The Senate, on Wednesday, resolved to summon the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, to educate and inform senators in...
Business

What Osinbajo meant by the Naira exchange rate being kept artificially low – VP’s Office

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The Office of the Vice President, Prof. Yemi Osinbajo, has explained that he was not asking for further devaluation of the nation's currency when...
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