The Central Bank of Nigeria (CBN) said old naira notes of ₦200, ₦500, ₦1000 notes are no longer legal tender in the country. The CBN declared that the old ₦200, ₦500, ₦1000 notes ceased being legal tender in Nigeria on…
Naira begins new week on positive note, exchanges at N461 to dollar
The naira on Monday exchanged at N461 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.11 per cent compared with the 461.50 it exchanged for, at the close of business on February 10.…
Naira gains further, exchanges at N461.10 to dollar
The Naira on Thursday exchanged at 461.10 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.02 per cent compared with the 461.17 it exchanged on Wednesday. The open indicative rate closed at N461.25…
Naira gains 0.07% at Investors, Exporters window
The naira on Thursday exchanged at 461.17 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.07 per cent compared to the 461.50 it exchanged rate on Wednesday. The open market indicative rate closed…
Supreme Court suspends CBN deadline on old, new naira notes swap
Supreme Court on Wednesday ordered a suspension of the deadline for the swapping of old to new Naira notes by the Central Bank of Nigeria (CBN). The Supreme Court issued an interim injunction restraining the Federal Government from suspending the…
Naira Redesign: Dollar may crash to N200 – EFCC chairman
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ₦200 after the redesigning of naira. Bawa stated this in an interview with Deutsche Welle (DW) Hausa service, saying President Muhammadu…
Why Naira redesign should be everyone’s cup of tea — Magnus Onyibe
In elementary study of economics in secondary school, l learnt that during the global recession of 1933, inflation was so high that in then West Germany, if someone bought a cup of tea in a cafe before finishing it so…
Naira drops by 0.42%, experts proffer solution
The Naira on Tuesday depreciated against the dollar at the Investors and Exporters window, exchanging at N430.67. The figure represented a decrease of 0.42 per cent compared with the N428.88 it exchanged for the dollar on Monday. The open indicative…
Naira gains, exchanges at N421.25 to dollar at Investors and Exporters window
The Naira on Friday appreciated at the Investors and Exporters window, exchanging at N421.25 to the dollar, a 0.30 per cent appreciation against N422.50 traded on Thursday. The open indicative rate closed at N419.34 to the dollar on Friday. An…
Naira tumbles as politicians hold convention
Naira fell against the U.S. dollar at the official market on Monday, Data posted by FMDQ, where forex is officially traded, showed that the currency closed at N420.25 per $1 at the official market. This implies a N0.50 or 0.12…