Naira Redesign: ACCI Seeks Deadline Extension The Abuja Chamber of Commerce and Industry (ACCI) says it has appealed to the Central Bank of Nigeria (CBN) to extend the deadline for the discontinuation of the use of the current currency notes. The President of ACCI, Dr...

Naira Redesign: CBN Launches Countdown Clock The Central Bank of Nigeria has launched a countdown clock on its website for the January 31, 2023 deadline for the N200, N500, and N1,000 notes currently in circulation. The apex bank had announced a Naira redesign policy to produce...

Naira Redesign: CBN Directs Banks To Work On Saturdays The Central Bank of Nigeria (CBN) has instructed commercial banks to work on Saturdays to enable customers to return old naira notes in exchange for new ones. The apex bank had announced plans to redesign the N200,...

JUST IN: Dollar Crashes Further Against Naira The United State Dollar on Friday continued it's free fall against the Naira which is now exchanging for 704 Naira to a Dollar. This is a further decline from the 740 Naira it was exchanged for on Thursday. ECONOMIC CONFIDENTIAL...

Buhari Affirms Stance on Naira Redesign, Says it Won't be Reversed President Muhammadu Buhari has reaffirmed his stance that the ongoing redesign of naira notes by the Central Bank of Nigeria (CBN) will not be halted. Responding to some opposition to the policy, the President said...

CBN Targets Stronger Digital Economy as eNaira Records 190% Growth The Central Bank of Nigeria has advocated for a stronger digital economy to support the growth of the financial systems. The apex bank said that the growth of eNaira will strengthen the transmission mechanism of monetary...