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...

Currency Outside Banks Above N843bn – CBN   Due to the cash crunch which affected economic activities across the country, the Central Bank of Nigeria (CBN) has disclosed that the currency outside the bank vaults as at the end of February rose to N843.311 billion. This is...

The CBN Currency Plan: Deepen Distrust, Cause Disaffection, by Jibrin Ibrahim   THE CBN has decided, you can’t take more than 20k out of your own money from your own bank account in one day. In a country in which the majority of Nigerians have no bank...