Naira scarcity: CBN reveals those hoarding banknotes
A few days before Christmas, the Central Bank of Nigeria, CBN, warned Point-of-Sale operators and Deposit Money Banks not to stockpile Naira notes due to the ongoing scarcity of the
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A few days before Christmas, the Central Bank of Nigeria, CBN, warned Point-of-Sale operators and Deposit Money Banks not to stockpile Naira notes due to the ongoing scarcity of the
Read MoreThe Nigerian Naira saw a small decline in value relative to the US dollar in the official Nigerian Autonomous Foreign Exchange Market (NAFEM), but it appreciated on the black market.
Read MoreAccording to the National Bureau of Statistics (NBS), Nigeria’s unemployment rate increased from 4.1% in Q1 2023 to 4.2% in Q2 2023. This information was revealed by the NBS in
Read MoreAgain, due to economic hardship, bread prices in Nigeria are expected to rise by 15% to 20% in January 2024. The Premium Breadmakers Association of Nigeria’s president, Emmanuel Onuorah, said
Read MoreThe week began well for trading at the Nigerian Stock Exchange Limited, with the All-Share Index closing at 72,404.91 points, appreciated by 0.02 percent. The market was characterized by a
Read MoreDue to a lack of cash, the Standing Deposit Facility of Nigerian banks decreased by 18%, from N2.94 trillion in October to N2.4 trillion in November. Additionally, the country’s financial
Read MoreThe increasing number of fake websites for the delivery of palliative care across the nation has alarmed the federal administration. This was revealed in a message released on Monday via
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