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Naira depreciates to end the week on a negative note

The naira traded against the dollar above the N1,600 mark to end the week on a negative note at both official and parallel foreign exchange markets. This comes as, according to Central Bank of Nigeria ...
Naija Gist - Latest

Did CBN fail the assignment of redesigning naira notes? [Editor's Opinion]

President Muhammadu Buhari unveiled the newly redesigned N200, N500 and N1,000 banknotes at the presidential villa today, November 23, 2022. How Nigerians are reacting to the new naira notes: Many ...
Naija Gist - Latest

Before you risk it, here’s what the law says about spraying of naira notes

The CBN regards spraying of naira notes as “abusing the country’s symbol of sovereignty.” For context, spraying naira notes is a popular practice at Nigerian parties. This idea, popularised by ...
The Nation Newspaper

Old, new naira notes remain legal tender, CBN reaffirms

The Central Bank of Nigeria (CBN) yesterday restated that all naira denominations remain legal tender. It directed its branches to continue issuing adequate quantities of both old and redesigned naira ...
The Nation Newspaper

Whither new naira notes?

National newspaper recently came out with a searing front page lead, “Where are new Naira notes? The poser arose from the outcome of investigations by the publication across some major cities in the ...