DOLLAR EXCHANGE RATE IS NGN 980 TO USD 1
Babatunji Wusu – The Naira is now valued between N980 and N1000 to $1 in Lagos, Port Harcourt, Abuja, and Kano as a result of Nigeria’s currency rate’s continued free…
AIRLINES CLAIM THAT A FLIGHT FROM LAGOS TO ABUJA SHOULD COST N250,000.
Tunji Wusu – A flight from Lagos to Abuja, the Federal Capital Territory, should cost at least N250,000, according to airline companies in Nigeria. Obiora Okonkwo, Chairman of United Nigeria…
NAIRA GAINS N100 AND CURRENTLY TRADES FOR N840 TO $1 IN THE PARALLEL MARKET.
According to The Nation, the Naira gained N100 yesterday, closing at N840/$ on the parallel market in Lagos. It did, however, close lower at N850/$ in Abuja markets, indicating…
THE DSS HAS CHARGED EMEFIELE IN COURT.
Tunji Wusu – The DSS has charged suspended CBN Governor Godwin Emefiele with contempt of court. This comes only hours after an Abuja High Court ordered the service to either…
DESPITE COURT JUDGMENT, NO ACCESS TO NAIRA NOTES
Days after the Supreme Court’s ruling overturning the Central Bank of Nigeria’s (CBN) decree to stop accepting the old and new Naira notes as legal cash as of February 10,…
NAIRA MAINTAINS GAINS AT THE OFFICIAL MARKET DESPITE SHORTAGES
On Thursday, the naira gained more ground against the US dollar in the Investors and Exporters window, extending its three-day winning streak despite the country’s ongoing cash shortage that is…
ACCORDING TO NACCIMA, THE CBN SHOULD INSTEAD INTRODUCE NOTES OF N5,000.
The Central Bank of Nigeria should have launched a N5,000 note rather than redesigning the current notes, according to Sola Obadimu, Director-General of the Nigerian Association of Chambers of Commerce,…
VIDEO: TERRORISTS ARE SHOWN IN A VIRAL VIDEO CARRYING WADS OF NEWS NAIRA NOTE.
In a popular video, Machalla Baleri, a well-known terrorist leader, can be seen showing off stacks of fresh naira notes amid a shortage of the currency. Banking halls at several…
AS CLIENTS FLOOD DELTA BANKS WITH OLD NAIRA NOTES, BANKS ABIDE THE CBN DIRECTIVE.
Commercial banks in Delta State on Saturday saw a surge of clients anxious to deposit their old naira notes before the deadline of January 31st, in accordance with the Central…
CBN TO BANKS: INSERT FRESH BILLS INTO ATMS TO AVOID SANCTIONS
The Central Bank of Nigeria (CBN) keeps track of whether commercial banks are feeding the new naira notes into automated teller machines on a daily basis (ATMs). Kofo Salam-Alada, Director…
