Naira Policy: 10 States to File Contempt Suit Against FG, CBN
Some State Governments are planning to file a contempt suit against the Federal Government and the Central Bank of Nigeria (CBN) concerning the recently introduced naira policy. The States insisted…
Naira Gains Against Dollar at Parallel Market
The naira has appreciated against the US dollar at the parallel market, exchanging at N1595 and N1600 for buying and selling respectively. This is according to sources at the…
Dollar Will Soon Exchange For N10 – Nigerian Cleric Says
The General Overseer of Prayer Centre Church of God (PCCG), Samson Oluwamodede, has predicted that the Naira would regain its value soon. Pastor Oluwamodede, an Akure-based cleric stated this while…
CBN Releases Emergency Numbers For POS Charges Above N200
Nigerians can report Point of Sales operators selling new naira notes or charging above N200 for withdrawal of amounts up to N10,000, says the Central Bank of Nigeria. To attain…
Despite CBN Directive, Oil Marketers Reject Old Naira Notes
Oil marketers, on Monday, rejected the old naira notes from buyers, despite an order from the Central Bank of Nigeria that the currencies remain legal tender. Reports held on Monday…
Naira Payment For Crude Oil To Dangote Refinery, Others Begin October 1
The Federal Government has announced that sales of crude oil to Dangote Refinery and other local refineries will commence on October 1, 2024, in naira. This was disclosed by…
EFCC Threatens To Arrest Dollar Hoarders As Naira Continues To Fall
The Economic and Financial Crimes Commission (EFCC) has threatened to arrest Nigerians hoarding dollars and other foreign currency. Abdulrasheed Bawa, the Chairman of the anti-graft agency, made the threat during…
Naira: CRRAN Boss Wants S’Court To Be Firm Today
The Supreme Court will hear the merit of the main application brought by the applicant (Zamfara, Kaduna, and Kogi) against the federal government today, February 15 regarding the naira policy.…
Banks Not Receiving New Notes from CBN
According to reports from some commercial banks, the Central Bank of Nigeria has possibly stopped giving out the new N200, N500, and N1,000 notes to the Money Deposit Banks (DMBs).22…
Naira Depreciates Further, Exchanges for N1620 Per Dollar
The naira continued its downward slide against the dollar, exchanging for N1620 per dollar at the black market. This represents a further depreciation of the naira, which has been…