For business and economic news from around the world
President Muhammadu Buhari has assured that government will ensure that citizens are unharmed in their businesses and no disruption is caused to the entire supply chain arising from the currency swap due to end shortly.
Nigeria: Buhari promises to eliminate squeeze, chaos in currency swap Read More
WorldStage Newsonline– The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Jan. 31 deadline to stop the circulation of old Naira notes remains.
Naira redesign: CBN insists on Jan. 31 deadline Read More In furtherance of its Naira Redesign policy and in recognition of the need to maximise the channels through which underserved and rural communities can exchange their Naira, the Central Bank of Nigeria (CBN) today launched a Cash Swap programme in partnership with Super Agents and Deposit Money Banks, DMBs.
Naira Redesign: CBN launches cash swap programme in rural, underserved Areas Read More WorldStage Newsonline– The Nigeria Governors’ Forum (NGF) has set up a six- member committee to engage the Central Bank of Nigeria (CBN) to address anomalies in the country’s monetary management and financial system.
Naira: Governors set up committee to work with CBN Read More
WorldStage Newsonline– Ahead of the January 31st, 2023 deadline to phase out old naira notes in Nigeria, many stakeholders have been expressing concerns over scarcity of the newly redesigned N200, N500 and N1,000 notes.
Nigerians lament scarcity of new naira notes as deadline approaches Read More WorldStage Newsonline– The Nigerian Security Printing and Minting (NSPM) Plc (MINT) has allayed fears over the quality of the redesigned Naira notes, saying that best international best practice was followed in their production.
Nigeria: NSPM allays fears over quality of redesigned bank notes Read More
WorldStage Newsonline– The Naira on Friday exchanged at 456.50 to the dollar at the Investors and Exporters window.
Naira depreciates 0.05% to exchange at 456.50 to dollar Read More WorldStage Newsonline—As the Central Bank of Nigeria (CBN) announced an upward review of cash withdrawal limits to N500, 000 and N5 million for individuals and corporate accounts respectively, it has encouraged customers to still use alternative channels like Internet banking, mobile banking apps, USSD, POS and eNaira to conduct banking transactions.
CBN encourages cashless options despite upward review of cash withdrawal limits to N500,000, N5m Read More WorldStage Newsonline– The Central Bank of Nigeria (CBN) has announced a revision of weekly cash withdrawal limit to N100,000 for individuals and N500,000 for corporate organisations.
With Naira redesign, CBN pegs weekly cash withdrawal limit at N100,000 Read More
WorldStage Newsonline– The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey Federal Government’s directive on Naira transactions for ports charges.
Oil marketers want NIMASA, NPA to adopt Naira transactions in ports Read More