Naira Abusers Will Go to Jail, Says CBN
The Central Bank of Nigeria (CBN) on Tuesday, warned that those abusing the naira will be jailed. According to the Principal Manager, Currency Operations Department, Central Bank of Nigeria (CBN),…
BREAKING: Buhari Orders CBN To Recirculate Old N200 Notes
President Muhammadu Buhari has ordered the Central Bank of Nigeria (CBN) to recirculate the old N200 note. The note would remain legal tender with the newly re-designed N200, N500, and…
Naira Crash: FG Stops Access to Crypto Firms
In an effort to combat what it perceives as ongoing manipulation of the forex market and illicit fund movements, the Nigerian government has decided to stop the online platforms of…
Naira appreciates, trades at N1,600/$
The Naira closed the week stronger on Friday at the official market, trading at N1,600 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed that…
Protesters Block Major Roads Over Fuel Hike, Naira Notes Scarcity in Delta
Protesters, including residents and traders in Warri Main Market in Delta State, have stormed the popular Warri/Sapele road to protest over the hike in fuel and naira notes scarcity in…
Naira Crisis: FG, States Consider Out-Of-Court Settlement
The Federal and State Governments on Wednesday night considered an out-of-court settlement for the litigations trailing the naira policy of the Central Bank of Nigeria (CBN). Daily Report Nigeria recalls…
Naira Hits All-Time Low Against Dollar in Black Market
On Wednesday morning, the Nigerian Naira reached an all-time fall of N1,830 per dollar in the parallel market, commonly known as the black market. Naira's fall represents a 7.10 per…
Naira Plummets to Third Worst Performing Currency Globally
The naira has now been classified as the third worst-performing currency in the world, following a staggering 70% depreciation against the dollar this year. As of Monday, the naira weakened…
BREAKING: IGP Orders Arrest Of Naira Sellers, Abusers
The inspector-general of police (IGP), Usman Alkali Baba has ordered the arrest of persons selling or abusing the naira. The IGP gave the instruction on Friday to the deputy inspector-general…
Buhari Faces Backlash Over Naira Notes Directives
Senior lawyers and civil society organizations have slammed President Muhammadu Buhari for spurning the injunction of the Supreme Court in his Thursday broadcast. The President came under fire for flouting…