Tag: Currency
Nigeria Proposes Ban on Foreign Currencies for Domestic Transactions
The bill proposes that all payments, including salaries and transactions, be made using the Naira A bill introduced in the ...
Naira falls to N1,300/$
The naira’s continued fall is happening despite efforts by the government to boost liquidity in the official market The naira ...
Depreciation: Naira Set For Worst Year Since 1999 – Report
The Naira is labeled one of the worst-performing currencies in 2023, facing a 55% plunge and predicted further depreciation Bloomberg ...
Old naira notes remain legal tender indefinitely – CBN
Says decision is line with international best practices and to forestall a repeat of earlier experiences implementing the policy The ...
VRT: The Currency of Choice for Modern Consumers
In today's fast-paced and interconnected world, digital currencies have gained significant traction among modern consumers. One such digital currency that ...
Naira redesign, others gulped N74bn in 2022 – CBN report
In 2022, N29.65 billion was allocated to currency issuance expenses, a significant increase of 94.66% from the N15.23 billion spent ...
Naira drops further, exchanges at N945/$1
CBN had floated the Naira Naira had continued to fluctuate since the floating The Naira dropped further in the parallel ...
Naira loses marginally, exchanges at 461.90 to dollar
The naira on Friday exchanged at 461.90 to the dollar at the Investors and Exporters window. The figure represents a ...
Again, naira loses to dollar, exchanges at 445.83
The naira on Wednesday exchanged at 445.83 to the dollar at the Investors and Exporters window, a depreciation of 0.01 ...
Naira depreciates marginally, exchanges at 445.83 to dollar
The Naira on Thursday exchanged at 445.83 to the dollar at the Investors and Exporters window, a depreciation of 0.12 ...
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