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Checks by our reporter in Ogba and Ikeja axis of Lagos on Saturday showed that the current parallel market rate is N800 to a dollar and N890 to the British pound sterling. Exchange Rate has crashed to #800 per dollar in the parallel market.   Newsline reports that the naira downward streak has...
The Central Bank of Nigeria (CBN) has cleared the air that it obtained approval from the president, Muhammadu Buhari before proceeding to redesign the new naira notes for N200, N500 and N1000, contrary to what the Finance Minister told the senate on Friday.   Newsline reports that CBN said all protocols that...
The Bank only needs the approval of President Buhari for this particular exercise. Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu has slammed the Finance Minster, Zainab Ahmed over her statement that the apex bank did not carry her along before introducing the new naira notes.   Newsline reports that...
Checks by our reporter in Ogba and Ikeja axis of Lagos on Saturday showed that the current parallel market rate is N800 to a dollar and N890 to the British pound sterling. Exchange Rate has crashed to #800 per dollar in the parallel market.   Newsline reports that the naira downward streak has...
1A coalition of Ethnic Youth Leaders and Political Parties on Friday commended the Central Bank of Nigeria (CBN) for redesigning the nation’s naira notes.   Cloudnewsmag understands that Nigerians have expressed different reactions after the apex bank announced the planned introduction of the new currency notes on December 15, 2022.   Reacting, however,...
The Minister of Finance, Zainab Ahmed has said the Central Bank of Nigeria, CBN, did not consult her ministry before taking the decision to redesign naira notes by December. She made the disclosure during the budget debate of the Ministry of Finance, Budget and National Planning in Abuja on Friday. The...