Business
CBN Issues N150m Penalty For Banks Supporting Mint Naira Supply To Hawkers
The Central Bank of Nigeria (CBN) says banks facilitating illicit flow of mint naira notes will face N150 million fine per branch. In a circular […]
naira
Business
CBN To Penalise Banks Rejecting Mutilated Naira Notes
The Central Bank of Nigeria (CBN) has threatened to penalise deposit money banks (DMBs) that reject mutilated naira notes. In a statement on Thursday signed […]
Business
Naira Slides By 4.6% Against Dollar At Official Market
The naira on Tuesday depreciated at the official market, trading at N1,416.57 to the dollar. Data from the official trading platform of the FMDQ Exchange, […]
Business
Naira Depreciates To N1,230/$ At Parallel Market
The naira reversed the appreciation trend at the parallel section of the foreign exchange market on Friday. The local currency depreciated by 17.14 percent to […]
Entertainment
Naira Abuse: EFCC To Arraign Cubana Chief Priest
The Economic and Financial Crimes Commission (EFCC) has filed a three-count charge against Cubana Chief Priest, the nightlife promoter, for alleged abuse of the Nigerian […]
Business
Naira Trades N1,730/$ At Parallel Market
The parallel section of the foreign exchange market recorded a new all-time low on Monday after the naira depreciated to N1,730 per dollar. The naira […]
Business
Naira Falls To N1,415/$ At Parallel Market
The naira has hit a record low at the parallel section of the foreign exchange market. The local currency traded at N1,415 on Thursday — […]
News
Naira Scarcity: CBN To Sanction Banks Found ‘Colluding’ With PoS Operators
As scarcity of Naira continues to bite harder in some parts of the country, the Central Bank of Nigeria (CBN) has threatened to sanction any […]
Business
Naira Now N1,120/$ At Parallel Market
The naira has commenced a downward spiral, falling to N1,120 per dollar at the parallel market on Tuesday. The figure represents a N95 or 9.27 […]
Business
World Bank: Naira, Angola’s Kwanza Are The Worst Performing Currencies In Africa
The World Bank has described the naira and the kwanza of Angola as the “worst performing currencies” in Africa so far in 2023. The organisation […]