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…
ON Saturday, October 29, 2022, the naira reached a record low of N800 to the dollar before the Nigerian currency plummeted less than 24 hours later. On Sunday, October 30, 2022, it was reported that black market traders in the…
THE Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR), which is the benchmark interest rate, to 15.5 percent from 14 percent on Tuesday. Nigeria’s central bank also raise cash reserve ratio (CRR) from 27.5 percent to 32.5…
GODWIN Emefiele, Governor of Central Bank of Nigeria has disclosed that from next week, Nigerians would be able to transact on eNaira wallet through the Unstructured Supplementary Service Data code on mobile phones. The eNaira is a central bank digital…
