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CBN orders banks to pay new naira notes over the counter

February 2, 2023February 2, 2023 Markets Reporters 0 Comments CBN, Godwin Emefiele, New naira notes

The Central Bank of Nigeria (CBN) has directed deposit money banks to commence the payment of the redesigned naira notes

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FEATURED Latest Money TOP STORIES 

Ecobank named best place to work in Africa

January 30, 2023January 30, 2023 Markets Reporters 0 Comments Best Place to Work in Africa, Ecobank

Ecobank Group announced on Monday that it has won the ‘Best Place to Work in Africa 2022 Award’ from the

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FEATURED Latest Money TOP STORIES 

Old naira: 10-day extension “grossly inadequate”, says CPPE

January 29, 2023January 29, 2023 Markets Reporters 0 Comments CBN, CPPE, New naira notes, Old naira notes

The extension of the deadline for the expiration of old naira notes to February 10, 2023 is “grossly inadequate,” the

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FEATURED Latest Money TOP STORIES 

GTB’s UK unit slammed £7.67m fine over ‘serious weaknesses’

January 10, 2023January 10, 2023 Markets Reporters 0 Comments Anti-money laundering, Financial Conduct Authority, GTBank

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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FEATURED Latest Money TOP STORIES 

Naira ends weaker against dollar in first week of 2023

January 7, 2023January 7, 2023 Markets Reporters 0 Comments FMDQ Group, naira, naira-dollar exchange rate

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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FEATURED Latest Money TOP STORIES 

Dangote’s net worth drops for first time in four years

December 30, 2022January 1, 2023 Markets Reporters 0 Comments Aliko Dangote, Bloomberg Billionaires Index, Dangote Cement

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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FEATURED Latest Money TOP STORIES Uncategorized 

GTBank suspends use of naira card for international transactions

December 29, 2022December 29, 2022 Markets Reporters 0 Comments GTBank, Naira Mastercard

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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FEATURED Latest Money TOP STORIES 

Naira posts big weekly loss against dollar

December 24, 2022December 24, 2022 Markets Reporters 0 Comments FMDQ Group, NAFEX rate, naira, naira-dollar exchange rate

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

December 23, 2022December 23, 2022 Markets Reporters 0 Comments Bismarck Rewane, CBN, Financial Derivatives Company, naira devaluation

The Nigerian currency is “misaligned from its true value”, and devaluation is inevitable next year, Bismarck Rewane, a top economist

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FEATURED Latest Money TOP STORIES 

Increased FX turnover fails to lift naira, FMDQ data show

December 17, 2022December 17, 2022 Markets Reporters 0 Comments FMDQ Group, FX turnover, naira

The naira weakened against the dollar this week despite the increase in the turnover in the foreign exchange market, data

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