Operation Rescue Naira: FG considers converting $30bn domiciliary deposits to naira
There are strong indications that the Federal Government is mulling a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira…
Naira rebounds as banks offload excess dollars
Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks…
Naira hits all-time low at forex markets
As the Central Bank of Nigeria (CBN) moved to clear dollar backlogs owed to foreign airlines operating in Nigeria, Naira slipped to an all-time low against the United…
Naira falls by 17% to N951/$
The Nigerian Naira experienced a significant devaluation, dropping by 17.91% to N951.22 against the US dollar in the official Investor and Exporter forex window. This decrease in value…
Nigerian Firms Report Significant Currency Revaluation Loss Due to Naira’s Depreciation
Eight major firms in Nigeria have reported a combined currency revaluation loss of N918.1 billion. This substantial loss is attributed to the sharp depreciation of the Nigerian naira…
Those hoarding Naira will get a shock – Presidency
The Presidency has assured that President Bola Tinubu’s administration would continue in working on policies that will strengthen the Naira. This was disclosed by Tinubu’s Special Adviser on…
Install Ministry Of Revenue – Senator Ibrahim Advises Tinubu
Senator representing Ondo South, Jimoh Ibrahim has asked President Bola Ahmed Tinubu ahead of Cabinet formation to the assignment of portfolios to the 48 Ministerial nominees awaiting Senate…
CBN Excludes Microfinance and Primary Mortgage Banks from Cash Withdrawal Limit Policy
The Central Bank of Nigeria (CBN) has taken a significant step in supporting Microfinance Banks (MfBs) and Primary Mortgage Banks (PMBs) in the country.InformationGuideNigeria As reported by allmedia24.com,…
No plan to ditch new banknotes, says CBN
There is no plan to halt the distribution of new naira notes from circulation, the Central Bank of Nigeria (CBN) has said. THE GUARDIAN reports.Information Guide Nigeria Acting…
Nigerians abroad remitted $168bn in eight years – World Bank
A World Bank report has revealed that the Nigerian Diaspora community remitted $168.33 billion to the country in the past eight years. VANGUARD reports.Information Guide Nigeria The remittance…