That’s why, for the next few weeks, we’ll spend some time talking about our Naira notes and faces we see on there every time we spend them. On the front of the five Naira note, you’ll find ...

making the naira more volatile. Inflationary effects would result from this, raising the price of imports and raw materials, further taxing consumers and companies already struggling with growing ...

It is crucial to note that the Nigerian telecom industry is currently under immense pressure, and this tariff increase is not ...

CBN has fined nine banks N1.35 billion for failing to ensure Naira notes availability through ATMs during the festive season ... Olayemi Cardoso, warned banks to strictly adhere to cash distribution ...

The naira gained strength on Monday, appreciating to N1,650 per dollar in the parallel market, as the U.S. dollar experienced its most significant weekly loss. This marked a 0.6 percent gain, or N10, ...

The Okoya brothers have been in the news for “abusing the naira” in a promotional video for a new song. The video – which featured a police officer holding wads of N1,000 notes as the boys encircled ...

The naira’s stability remains uncertain as global economic conditions continue to favor a stronger dollar. Nigerian policymakers face the challenge of addressing currency volatility, ensuring economic ...

The Nigerian currency began the new week on a mixed note on Monday, January 20, 2025. The naira opened trading positively, gaining 0.13% at N1,547 per dollar in the official window. Data from the FMDQ ...

The officer held wads of naira notes as Subomi ‘Sirheem’ Okoya ... He said the officer’s actions were unethical, adding that he would face disciplinary action. “The policeman captured ...

Key sections of the Act . The CBN is solely authorized to issue Naira and kobo notes (Sections 17, 18, and 19 of the Act). Counterfeiting Naira notes is a severe offense punishable by up to five ...