By Aluta News April 13, 2024 The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira gained N88.23.Continue Reading
By Aluta News April 3, 2024 The Naira gained at the official market, trading at N1,278.58 to a dollar on Tuesday. Data from the official trading platform of the FMDQ revealed that the Naira gained N30.81 or 2.35 per cent, compared to the previous trading date on Thursday, March, 28,Continue Reading
By Aluta News Dec 10, 2023 Amidst complaints by some Nigerians about scarcity of Naira notes, the Central Bank of Nigeria (CBN) says there is adequate supply of the currency. The News Agency of Nigeria (NAN) reports that CBN gave the assurance against the beck drop of complaints by someContinue Reading
By Aluta News Dec 8, 2023 The Central Bank of Nigeria (CBN) has warned Nigerians to beware of illegal Naira banknotes in circulation. This is contained in a statement by CBN’s Acting Director, Corporate Communications, Mrs Hakama Sidi Ali in Abuja on Friday. “The attention of the CBN) has beenContinue Reading
By Aluta News Oct. 31, 2023 The Central Bank of Nigeria (CBN) says it has no be plans to redenominate Nigeria’s legal tender, the Naira. CBN’s Director, Corporate Communications Department, Isa AbdulMumim, made this known in a statement on Tuesday in Abuja. The News Agency of Nigeria (NAN) reports thatContinue Reading
By Aluta News Oct. 10, 2023 The House of Representatives has urged the Central Bank of Nigeria (CBN) to implement monetary policy adjustments to stabilise the currency. The call is sequel to a unanimous adoption of a motion by Rep. Ismaila Dabo (APC-Bauchi state) at plenary on Tuesday in Abuja.Continue Reading
By Aluta News May 29, 2023 President Bola Tinubu, has promised to revisit the naira redesign policy of the Central Bank of Nigeria (CBN). Tinubu, who said this in his inaugural speech in Abuja on Monday, however, said that his administration would treat both the old and the new nairaContinue Reading
By Aluta News March 13, 2023 CBN declared on Monday that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till Dec. 31, 2023. It said in a statement issued by its Acting Director, Corporate Communications, Alhaji lsa AbdulMumin that the decision was reached atContinue Reading
By Aluta News March 13, 2023 Gov. Douye Diri of Bayalsa, has urged the Federal Government and the Central Bank of Nigeria (CBN) to obey the Supreme Court ruling on the old Naira notes, to ameliorate the suffering occasioned by the cash crunch on Nigerians. Diri stated this on MondayContinue Reading
By Aluta News March 7, 2023 Some traders and marketers in Lagos have said they would accept the old denominated naira notes of N500 and N1,000, only when President Muhammadu Buhari gives the order. The people told the News Agency of Nigeria (NAN) in separate interviews that they were beingContinue Reading
