Naira Redesign: What IMF told Nigeria as it tries to tackle inflation

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The International Monetary Fund (IMF) has asked the Central Bank of Nigeria (CBN) to apply caution in its bid to redesign the naira to curb inflation.  This was disclosed on Friday...

CBN informs Nigerians on how to return old naira notes,gives ultimatum(details)

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Good afternoon Ladies and Gentlemen, and welcome to this special press briefing at the Central Bank of Nigeria. We have called this gathering to...

FOREX: Confusion among black market traders as exchange rate goes haywire (see new rates)

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The persistent depreciation in the value of the Naira against the US dollar on the black market has further escalated the level of uncertainties...

BREAKING: CBN launches new Naira notes December

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The Central Bank of Nigeria (CBN) said it will start circulating newly redesigned N200, N500, and N1000 naira notes from December 15, 2022. Governor Godwin Emefiele disclosed...

Dollar (USD) to Naira Black Market Exchange Rate Today – 12th October 2022

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Let’s see today’s Dollar to Naira Exchange rate at the black market. Today’s rate is between ₦720 and ₦740. See today’s Dollar to Naira exchange rate. You...

Why Bitcoin is Failing at Being an Inflation Hedge

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In recent years, Bitcoin has been acclaimed as an inflation hedge, because of its stellar performance against other asset classes in general. In fact, there has...

CBN’s foreign reserves decline by $2.2 billion (YTD) 

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Nigeria’s foreign reserves have fallen by $2.202 billion to $38.318 billion as of September 29, 2022, from $40.520 billion as of December 31, 2021. This...

How To Make Money,Earn Dollars By Trading Forex In Nigeria

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The number of Nigerians interested in making money online is growing by the day. Many of our youths (between the ages of 21 to...

Breaking: Court orders arrest of Wema Bank MD, Adebise over alleged forgery, issuance of...

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An Abuja court has ordered the arrest of Wema Bank MD, Adebisi over alleged forgery, issuance of dud cheques. A Chief Magistrates’ Court in Wuse,...

CBN urges Nigerians to shun Forex speculative activities

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The Central Bank of Nigeria (CBN), has advised Nigerians not to succumb to speculative activities of some players in the foreign exchange market. Mr Osita...