Naira redesign: Nigerians call for FG’s intervention as situation becomes unbearable

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Nigerians have called for an intervention from the Federal Government to ease the hardship and frustration being faced because of the new monetary policy...

3 Bank associations assure Nigerians naira will be made available

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Three financial associations have assured that the Central Bank of Nigeria (CBN) and commercial banks would do everything possible to ensure availability of the...

Nigerian president extends deadline to turn in old Nairas, reform to...

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Nigeria's President Muhammadu Buhari on Thursday (Feb. 16) defended a currency swap that sparked protests and cash shortages. However, he ordered old, small denomination...

Currency crisis in Nigeria: citizens take to the streets in protest...

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The Nigerian government has announced that it will take a series of measures to ensure that the country's economy remains strong and prosperous, according...

New Naira: Council of State backs CBN on currency redesign

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The National Council of State has endorsed the currency redesign policy introduced by the Central Bank of Nigeria (CBN). It however advised that the CBN...

Nigeria achieves 75% self-sufficiency in rice production – FG

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Dr Mohammad Abubakar, the Minister of Agriculture and Rural Development says the nation has achieved 75 per cent self-sufficiency in rice production through sustained...

Egypt: Inflation continues to climb to a record high

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Annual inflation in Egypt hit a new high in January as the country continues to struggle with price increases and currency depreciation, Egypt's statistics...

Lekki Deep Seaport to boost non-oil revenue — NEPC

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The Nigerian Export Promotion Council (NEPC), says the recently commissioned Lekki Deep Sea Port is expected to boost Nigeria’s non-oil export. The Executive Director/CEO of...
No going back on new Naira notes exchange date - Emefiele

No extension of deadline for the use of old Naira notes,...

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There won't be any extension of the deadline for the use of old Naira notes, the Governor of the Central Bank of Nigeria (CBN),...

Nigeria central bank raises rates by 100 bps despite inflation dip

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Nigeria's central bank raised its benchmark lending rate by 100 basis points (bps) to 17.5% in a decision announced on Tuesday. The central bank's decision came...