CBN orders banks to pay new naira notes over the counter
The Central Bank of Nigeria (CBN) has directed deposit money banks to commence the payment of the redesigned naira notes
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Money
Ecobank named best place to work in Africa
Ecobank Group announced on Monday that it has won the ‘Best Place to Work in Africa 2022 Award’ from the
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Old naira: 10-day extension “grossly inadequate”, says CPPE
The extension of the deadline for the expiration of old naira notes to February 10, 2023 is “grossly inadequate,” the
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GTB’s UK unit slammed £7.67m fine over ‘serious weaknesses’
The Financial Conduct Authority (FCA) has fined Guaranty Trust Bank (UK) Limited £7,671,800 for “serious weaknesses in its anti-money laundering
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Naira ends weaker against dollar in first week of 2023
The Nigerian currency weakened further against the dollar in the official foreign exchange market this week, closing at N461.01/$ on
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Dangote’s net worth drops for first time in four years
The net worth of Aliko Dangote, Africa’s richest person, has dropped for the first time in four years, making him
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GTBank suspends use of naira card for international transactions
Guaranty Trust Bank Limited, one of the tier-one banks in Nigeria, announced on Thursday that it had suspended the use
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Naira posts big weekly loss against dollar
Nigeria’s currency, naira, lost 1.16 percent of its value against the dollar this week at the official spot market, data
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Naira devaluation inevitable in 2023: Top economist
The Nigerian currency is “misaligned from its true value”, and devaluation is inevitable next year, Bismarck Rewane, a top economist
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Increased FX turnover fails to lift naira, FMDQ data show
The naira weakened against the dollar this week despite the increase in the turnover in the foreign exchange market, data
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