World Bank to CBN: Naira Redesign will Negatively Impact Economy, Poor Households The World Bank has warned that the short transition period to the redesigned naira notes will negatively impact economic activities, especially among the poorest households in the country. The bank in its latest Nigeria...

New Naira Enters Circulation Today as Banks Reconfigure ATMs The newly redesigned naira notes will go into circulation Today (Thursday). This is according to the Governor, Central Bank of Nigeria, Godwin Emefiele, who had in October stated that by December 15, 2022 the new currency...

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...

US Dollar Crashes as Naira appreciates to N740/$ at Black Market For the first time in this month, November 2022, the Nigerian currency, Naira has appreciated significantly against the US dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators who...

Rambling On Redesigning The Naira, by Nasir Aminu   Redesigning currencies is an activity for sovereign nations. It allows the currency-issuing country to improve the currency’s security to deter counterfeiting. The new notes come with cleaner materials to avoid contamination and becoming dirty. The United Kingdom (UK)...

Naira Now Among Worst Performing Currencies Globally, Report Reveals   While officially, Nigeria’s naira can be said to be doing well this year, down just 4 per cent against a strong US dollar, ahead of the Canadian dollar and the Swiss franc, a Bloomberg report has...