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…
New Naira Notes: Sowore Demands CBN Governor’s Sack
Following the news on re-signing of some naira notes, the presidential candidate of the African Action Congress, Omoyele Sowore, has asked President Muhammadu to sack the Governor of the Central…
Protests: Sanwo-Olu Warns Against Rejection of Naira Notes
Governor Sanwo-Olu of Lagos State has warned his people against the rampant rejection naira notes. The warning was contained in a statememt on Wednesday signed by Gbenga Omotoso, HC, Information…
Dollar Hits N1,100 After Recent Rise
The Naira has weakened against the Dollar after its recent rise at the official market after hitting its lowest in history of N848/ dollar. It quickly fell in the official…
Naira Soars To N1,680/$ In Parallel Market
The Naira has appreciated to N1,680 per dollar in the parallel market, a significant improvement from N1,690 per dollar last weekend. Similarly, the Naira appreciated to N1,552.92 per dollar in…
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),…