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CBN approves naira stablecoin

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●cNGN set for launch on February 27 The Central Bank of Nigeria (CBN) has approved the launch of the Nigerian naira (cNGN) stablecoin. The cNGN, which...

Banks colluding with PoS operators to disrupt naira circulation, says CBN

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The Central Bank of Nigeria has cautioned PoS operators over cash availability. This was made known in a statement signed by the Acting Director of...

Again, where are the Naira notes? By Olusegun Adeniyi

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At the height of the Naira Redesign policy of the Central Bank of Nigeria (CBN) which eventually unravelled as a ‘Naira Confiscation’ exercise in...

Old, new naira notes remain legal tender – CBN

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The Central Bank of Nigeria (CBN) on Wednesday, November 8, 2023 declared that all old and new naira banknotes remain legal tender. The apex bank,...

Naira may appreciate to N600 against dollar – Tinubu’s aide, Fasua

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Dr Tope Fasua, a special adviser to President Bola Ahmed Tinubu, has projected that the naira may strengthen further to exchange at N600/$1 in...

Naira gains against dollar, exchanges at N950

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The naira, on Friday, November 3, 2023, continued its rebound against the dollar as it exchanged at N950 in the parallel market. This represents a...

JP Morgan: Naira to trade at N850/$ by year’s end

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● Oil firms shouldn’t sell FX to CBN JP Morgan, a US multinational financial services firm, projected the naira would trade at about N850 to...

CBN says there is no plan to redenominate naira

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The Central Bank of Nigeria (CBN) says it has no plans to redenominate the country’s legal tender, naira. The CBN Director, Corporate Communications Department, Isa...

Mohbad said he could handle dispute with Naira Marley – Father...

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Mr Joseph Aloba, the father of deceased singer Ilerioluwa Aloba (a.k.a Mohbad), on Wednesday told a coroner’s court that the deceased had been living...

P&ID: Etiebet lauds London Court verdict, says decision saved the Naira...

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A former Minister of Petroleum Resources, Chief Don Obot Etiebet, has lauded the verdict of the Business and Property Court in London, the United...
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