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Amid naira redesign policy, Nigeria’s inflation rate rises to 21.82%
The consumer price index which measures the rate of change in prices of goods and services, rose to 21.82 percent ...Old naira notes remain legal tender, says Supreme Court
The Supreme Court has said its February 8 order barring the Federal Government and its agencies from enforcing the February ...S’Court adjourns naira suit to Feb 22, suspension of ban on old naira remains
The Supreme Court in Abuja on Wednesday adjourned hearing in the suit seeking stoppage on the ban of the old ...Over 5,000 debtors owe FG N5.2trn – Finance Ministry
The Federal Ministry of Finance, Budget and National Planning has revealed that about 5,000 debtors currently owe the Federal Government ...Naira crunch may cause $18m GDP loss monthly – Rewane
The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has said Nigeria will suffer a total gross domestic product ...Ogun residents protest as banks reject old notes, make new ones unavailable
Residents of Sango-Ota area of Ogun State briefly joined in the naira protests on Tuesday. It was gathered that the ...Emefiele confirms naira swap deadline will not be extended despite S’Court ruling
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that there was no need to shift the ...CBN controller ignores S”Court, says old naira no longer acceptable
A branch controller of the Central Bank of Nigeria has said the old naira notes of N200, N500 and N1,000 ...Embrace eNaira, internet banking as alternatives to cash, CBN tells Nigerians
The Central Bank of Nigeria has asked Nigerians to embrace eNaira and internet banking as alternatives to cash transactions. Speaking ...Nigeria at risk of CBN-induced recession over naira swap – NGF
The Nigeria Governors’ Forum has said the country is at risk of recession which will be the result of the ...