April 26, 2023
Nigeria: Transcorp's Quarterly Profit Down By 63% Amid Forex Scarcity
The corporation incurred N2.4 billion in foreign exchange loss on borrowings Read more »
April 21, 2023
Nigeria: Naira Slips At Official Window
Naira fell on the official market to trade at N463.67 per $1 on Thursday. Read more »
April 15, 2023
Nigeria: Nigeria's Cash Crisis Driving Digital Transactions to All-Time High
The scarcity is driving Nigerians in droves to sign up for digital and electronic banking services Read more »
March 13, 2023
Nigeria: It Is Illegal to Reject Old Naira Notes - Lagos Governor
Mr Sanwo-Olu urges business owners and government agencies to accept the old naira notes in accordance with the court ruling. Read more »
March 04, 2023
Nigeria: CPPE Hails Supreme Court's Ruling On Old Notes
CPPE said the supreme court ruling protects the citizens from a "draconian" policy Read more »
February 20, 2023
Nigeria: Falana Writes CBN, Requests Information On New Naira Notes
Mr Falana sought the information on new naira notes in response to CBN's claim that politicians were mopping up the new naira notes released into circulation. Read more »
Nigeria: Govt Using CBN Naira Policy to Go After Criminals - Ezekwesili
"But there's a second thing that we seem to be solving for which has now taken ascendancy over the monetary policy. We are using the central bank to solve the problem of… Read more »
February 17, 2023
Nigeria: Currency Crisis - Rioters Block Lagos-Ibadan Expressway As Protest Rocks Lagos
The rioters, who are raining curses on the Nigerian government, said the currency crisis currently rocking the country is biting harder. Read more »
Nigeria: CBN's Poorly Thought-Through Currency Redesign and Monetary Policy
The CBN's new currency redesign programme is a poorly thought-out approach that fails to take into account the realities of the Nigerian economy. Read more »
February 16, 2023
Nigeria: Naira Redesign - Emefiele Urges Compliance With Buhari's Directive
The new directive is expected to increase the circulation of the N200 note and simplify business transactions Read more »
February 17, 2023
Nigeria: Jigawa Declares 1000 and 500 Old Naira Notes Legal Tender, Threatens Anyone Rejecting Notes
People are advised to report any traders or business organisation that refuses to accept the now-old N200, N500 and N1000 notes as legal tender in Jigawa State to the nearest… Read more »
February 16, 2023
Nigeria: Naira Redesign - Nigerians Lament As Banks, Motorists, Others Reject Old Notes
Millions of Nigerians continue to grapple with hardship amid the cash crunch. Read more »
Nigeria: In Direct Affront to Supreme Court, Buhari Insists Old N500, N1,000 Notes No Longer Valid
The Nigerian leader, in a national broadcast Thursday morning, admitted the 'difficulties' the new currency policy is causing Nigerians. Read more »
February 15, 2023
Nigeria: Naira Redesign Litigation - Why the Supreme Court Has Original Jurisdiction
In December 2022, the Federal Government through Central Bank of Nigeria (CBN) introduced the demonetisation policy which has necessitated the redesigning of new naira notes to… Read more »
February 12, 2023
Nigeria: Tinubu Backs Cashless Policy, Suggests Ways for CBN to Ease Cash Crunch
Mr Tinubu also called for the immediate suspension of associated charges on online transactions and bank transfers and payments via point of sale until the current crisis is fully… Read more »
Nigeria: Naira Scarcity - Governors Accuse Central Bank of 'Currency Confiscation'
The governors also called "for the halting of CBN's plan to end the use of the old currency notes." Read more »
February 10, 2023
Nigeria: Day of Decision - Nigerians to Know Fate As Currency Scarcity Bites Harder
The president acknowledged "hardship" in the country last week but urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country,… Read more »
February 06, 2023
Nigeria: Bank Official Arrested Over Alleged Hoarding of New Naira Notes
EFCC says the branch of the bank in Abuja refused to load its Automated Teller Machines (ATMs) despite having N29 million of the redesigned Naira notes in its vaults. Read more »
February 04, 2023
Nigeria: Actress Simi Gold Arrested for Allegedly Selling New Naira Notes
The 31-year-old actress was arrested after the video of her spraying and stepping on the newly redesigned Naira notes at a party surfaced online. Read more »
January 31, 2023
Nigeria: Banks Must Accept Old Naira Notes After 10 February Deadline - Emefiele
"The law, which says even after the old currency has lost its legal tender status, that we are mandated to collect these money, ..... And I stand with the House of Reps on this." Read more »
January 28, 2023
Nigeria: New Naira Notes - Govt Will Eliminate Squeeze, Chaos in Currency Swap - Buhari
There are reports across the country of long queues of people waiting for hours for their turn to deposit old notes and get new ones, triggering public anger and opposition's… Read more »
January 29, 2023
Nigeria: Central Bank Extends Deadline for Use of Old Naira Notes
The CBN governor, who spoke to journalists Sunday morning, said he had the approval of President Muhammadu Buhari for the extension. Read more »
January 28, 2023
Nigeria: New Naira Notes - I Know Nigerians Are 'Facing Hardship' - Buhari
"President Buhari gave strong assurances that the government will not leave them to their own fate." Read more »
January 17, 2023
Nigeria: Nigerian Governors Invite Emefiele Over Naira Redesign, Cash Withdrawal Policy
The NGF said the discussion with Mr Emefiele on Thursday promises to foster participation and dialogue between various stakeholders including governments and civil society… Read more »
January 16, 2023
Nigeria: New Naira Notes and CBN's Policy Snafu
PREMIUM TIMES believes that no one has worked harder to debase the Central Bank of Nigeria than its current governor. Read more »