When a Currency Loses Its Dignity: A Lesson From Kano, by Zekeri Idakwo Laruba In my many visits to the ancient city, I discovered that Kano never stops surprising you. As one of Nigeria’s biggest and oldest commercial hubs, it operates like a nation within...

Who will Rescue our Currency, Naira? By Hadiza Ishyaku Abdulsalam The Central Bank of Nigeria (CBN) recently unveiled a nationwide campaign tagged, “Naira Our Pride: Handle with Care". At first glance, it may seem like another routine awareness drive. But behind it lies a critical...

Celebration or Crime? When Culture Clashes with Crucial Currency Control, by Rahma Olamide Oladosu   In Nigeria, no celebration is quite complete without the familiar flutter of naira notes cascading through the air. It is an unmistakable expression of joy, generosity, and cultural pride. From weddings...

According to the Central Bank of Nigeria (CBN), the total amount of currency in circulation has reached N4.14 trillion, with N3.87 trillion outside the banking system. As a result,

EFCC Urges Nigerians To Maintain Patriotism Despite Volatile FOREX Crisis On Friday, Ola Olukoyede the Chairman of the Economic and Financial Crimes Commission (EFCC), urged Nigerians to show a level of patriotism while in the midst of a volatile foreign exchange rate. In a statement by...

Currency in Circulation Now N2.26trn - CBN   Currency outside banks rose to N2.26tn at the end of June 2023, according to the latest figures from the Central Bank of Nigeria (CBN). According to figures obtained from the CBN, the currency outside banks rose by 185.68 per...