NAIRA

The Nigerian Naira  appreciated massively against the US dollar throughout March 2024, breaking a five- year record, and creating  ripples on the  exchange rate listing. Official figures indicate that the Naira closed the month…

The Aircraft Owners and Pilots Association of Nigeria (AOPAN) has stressed that Airfares in the Nigerian market would continue to rise massively inasmuch as the country’s currency, the naira, continues to depreciate. Dr. Alex Nwuba,…

The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to commence remittances pay-out in Naira to beneficiaries, in addition to foreign exchange. It has also directed that the Investors' and…

The Nigeria Inter-Bank Settlement has revealed that the naira scarcity caused by the Central Bank of Nigeria’s redesign and cash withdrawal policy has pushed Point of Sales transactions to N807.16bn in January 2023. This shows a…

The Central Bank of Nigeria (CBN) has released total direct remittances for 2022 at $2.16 billion, a decline of 11.18 per cent from the previous year. The bank in its “International payment” data disclosed that the country recorded…

The Central Bank of Nigeria has announced plans to redesign and reissue N200, N500, and N1000 notes. This was made known by the CBN Governor, Mr. Godwin Emefiele during a press briefing in Abuja. According to him, the new notes…