Dollar To Naira Exchange Rate Today: Black Market Rate Skyrockets To N1600
The dollar to naira exchange rate at the black market, also known as the parallel market (Aboki fx), has skyrocketed to N1600. According to sources at Bureau De Change…
CBN Clarifies Status of Old Naira Notes Amidst Controversy
•Old 200, 500, and 1000 Naira Notes to Remain Legal Tender Indefinitely The Central Bank of Nigeria (CBN) has responded to the House of Representatives, stating that there is no…
33 Dismissed CBN Staff Demand N30bn in Damages, Reinstatement
Thirty-three former employees of the Central Bank of Nigeria (CBN) have sued the apex bank over their mass termination last year. The ex-staff members, who were laid off in April…
CBN releases N200bn Loan For FG’s Social Housing Project
The Central Bank of Nigeria has stated that, it will release a cumulative maximum limit of N200bn to provide construction finance facility to enable Family Homes Funds Limited to implement…
eNaira: All You Need to Know About Nigeria’s Digital Currency
What makes eNaira different from money in your bank account The Central Bank of Nigeria’s eNaira website has gone live ahead of the October 1 official launch. According to the…
We May Relocate Sensitive Materials From CBN – INEC Chairman, Mahmood Yakubu
The Independent National Electoral Commission has said that it may relocate sensitive electoral materials from the Central Bank of Nigeria to another location. Chairman of INEC, Prof. Mahmood Yakubu, said…
CBN Has my Backing on Naira Redesign– Buhari
President Muhammadu Buhari has stated the Central Bank of Nigeria has his backing in the naira note redesign project. This follows controversy trailing the decision to introduce new naira notes.…
CBN Bans Over-The-Counter Withdrawal Of New Naira Notes
Central Bank of Nigeria has given an order to all banks directing them to halt over-the-counter withdrawal of new naira notes. Instead, the apex bank directed the banks to load…
CBN To Withdraw Licenses of POS Operators
The Central Bank of Nigeria is ready to withdraw the licenses of Point of Sale terminal operators due to inflating charges. CBN gave this warning on Tuesday, February 7, 2023.…
I Didn’t Tell Emefiele, Malami to Disobey Court Order on Naira Notes – Buhari
Nigeria's Federal Government has exonerated President Muhammadu Buhari from directly or indirectly disobeying the Supreme Court's order on the new naira notes. The government quoted President Buhari to have said…