Naira

Adeboye discloses what will happen to Naira in 2024

Nigeria's money is in the wrong hands, according to Pastor Enoch Adeboye, General Overseer of the Redeemed Christian Church of…

11 months ago

Naira drops by 49% year-to-date, ends 2023 at N907 against US Dollar

The greatest economy in Africa saw its currency, the Naira, drop by a staggering 49% year to date, ending 2023…

11 months ago

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…

11 months ago

Naira gains on the black market but falls at the official window

The Nigerian Naira saw a small decline in value relative to the US dollar in the official Nigerian Autonomous Foreign…

11 months ago

Fears about banks’ declining deposit levels rise as Naira becomes scarce

Due to a lack of cash, the Standing Deposit Facility of Nigerian banks decreased by 18%, from N2.94 trillion in…

11 months ago