CBN opens portal for old naira notes deposits
The Central Bank of Nigeria has opened a portal for the collection of old naira notes from people who still…
New naira scarcity may worsen consumer spending – Fitch
Fitch Ratings, a global rating agency, has said that the demonetisation drive by the Central Bank of Nigeria will likely…
FG promises to release new revenue allocation formula before April
Following intense agitations for an upward review of revenue allocation formula, the Federal Government, yesterday, assured Nigerians that its new…
Redesigned Naira notes: FG, CBN will act after Supreme Court ruling – Presidency
The Presidency has said that neither the Federal Government nor the Central Bank of Nigeria had taken a stand on…
CBN Governor justifies naira redesign, accuses politicians of mop-up
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday said it conducted an extensive in-house analysis and consultation…
New naira: CBN insists on February 10 deadline
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that there was no need to shift the…
Redesigned naira notes: Falana lambasts CBN for disobeying Supreme Court order
Rights activist and Senior Advocate of Nigeria, Femi Falana, has lambasted the Central Bank of Nigeria (CBN) for allegedly flouting…
Mobile transactions in Nigeria hit N2.37trn in January amid cash shortages
Despite the ongoing cash scarcity, Nigerians registered mobile transactions worth N2.37 trillion in January 2023, representing a staggering 125 per…
Naira redesign crisis: Banks, fuel stations reject old notes
Some commercial banks and filling stations have stopped collecting the old naira notes from customers, contrary to the ruling of…
DMO raises N724.9bn in February bond auction
The Debt Management Office (DMO) has announced that it raised N724.9 billion in February 2023 Federal Government bond auction. The…