[ad_1] The Central Bank of Nigeria (CBN) has vowed to go after currency hoarders and speculators whose activities are allegedly contributing to the depreciation of the naira against major foreign…
Tag: naira
‘Why govt must price locally-sourced gas in Naira’ | The Guardian Nigeria News – Nigeria and World News
[ad_1] The Chief Executive Officer of Mezovest, Tosin Thompson, has stressed the need for the government to price gas for local demand in Naira, noting, “there is no reason why…
Central Bank lifts timeline on old Naira notes | The Guardian Nigeria News – Nigeria and World News
[ad_1] There is no longer a timeline within which old notes will be in existence for, the Central Bank of Nigeria (CBN) has said. Director, Corporate Communications of the apex…
Naira: Build productive economy with local man
[ad_1] Oba Adeyeye Ogunwusi The Ooni of Ife, Oba Adeyeye Ogunwusi, has charged the Federal Government to intensify its patronage of local manufacturers as a deliberate means of growing the…
Worries as Naira slumps further to N1,100/$ in unofficial market | The Guardian Nigeria News – Nigeria and World News
[ad_1] •CBN threatens banks over cheque processing errors•Economist sees apex bank raise interest rates The rivalry between the Naira and United States of America dollar further went south yesterday as…
Dollar trades at discount against naira in black market | The Guardian Nigeria News – Nigeria and World News
[ad_1] •Official, black market rates at parity first time in eight years•We have not switched to complete free float, says CBN deputy Exactly a week after the Central Bank of…
CBN begins settlement of forex forwards as Naira rebounds | The Guardian Nigeria News – Nigeria and World News
[ad_1] The Central Bank of Nigeria (CBN) has begun the settlement of foreign exchange forwards to banks. The Guardian gathered yesterday at the apex bank that the CBN has indeed…
Nigerians shun Supreme Court order, reject old Naira notes
[ad_1] Many business operators in the Federal Capital Territory (FCT), have started rejecting the old Naira notes in spite of Supreme Court order temporarily halting the ban on their use.…
Naira Redesign: Nigerians grapple with hardship as PoS transaction charges jump 400%
[ad_1] As the Central Bank of Nigeria’s Naira redesign policy bites harder, the scarcity of new notes continues to disrupt business activities in markets, restaurants, banks, and major sales outlets…