Naira
How Ex-CBN Governor Emefiele printed ‘his own Naira’, ignored design approved by Buhari
A former CBN director, Ahmed Umar, testifies that Godwin Emefiele printed naira notes with a design different from the one approved by President Muhammadu Buhari.
Big boost for Naira as external reserves rise by over $300m first 10 days of June
Nigerian foreign reserves have recorded an improvement for the first 10 days in June giving CBN more firepower to defend Nigerian currency in days ahead.
Naira maintains firm ground against the Dollar in official, black markets as traders quote new rates
The Nigerian currency maintained its ground against the US dollar at N1,483.66 per dollar as against the N1,483.99 recorded on Friday, June 7, 2024.
CBN denies plan to revoke licenses of 4 major banks after Heritage Bank, assures customers
The Central Bank of Nigeria (CBN) has denied reports that it has revoked the licenses of Fidelity, Polaris, Wema and Unity banks. It described the claim as a lie.
Naira sells for new rate as Nigeria secures new $925 million oil-backed loan from Afreximbank
On Friday, June 9, at the official FX market, the naira ended the week flat as new oil facilities valued at $925 million raise foreign reserves and dollar inflows.
Full list: CBN releases new interest rates access, UBA, GTB, other banks charge customers for loan request
The Central Bank of Nigeria publishes maximum and minimum lending rates, ensuring transparency and full disclosure by detailing interest charged by banks.
New minimum wage: NLC/TUC releases statement as governors say they cannot pay N60,000
Amid discord over a new minimum wage, the organised labour has told Nigerian governors that economies of most states are driven by workers’ wages.
Good news for importers as CBN reduces customs exchange rate to clear goods
The Central Bank of Nigeria has decided to reduce the exchange rate for cargo clearances at Nigeria's ports to reflect the current naira rate at FX market.
'Not N62,000': Nigerians’ preferred minimum wage disclosed amid economic hardship
Amid economic hardship in Nigeria, citizens have made their choice about what a reasonable "living wage" should be. 3,029 Nigerians voted in a poll.
Naira
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