Tag: Naira
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CBN Says Lower Naira Notes Still Legal Tender
Nigeria's central bank has told traders to keep accepting N100 and N200 notes, saying the scarce naira denominations remain legal tender even as digital...
Nigeria Denies Borrowing ₦80 Trillion Under Tinubu
Nigeria's government pushed back Monday against claims that President Bola Tinubu's administration borrowed about ₦80 trillion in three years, telling senators most of the...
Naira’s Black Market Premium Shrinks to Near-Yearly Low
Nigeria's naira held steady against the US dollar on Thursday, narrowing the gap between official and black market rates to under two percent, the...
Naira Steady Near 1,363 as Reform Dividend Takes Hold
The Nigerian naira held close to N1,363 against the dollar on Monday, as a narrowing gap with the parallel market signalled the firmest currency...
IMF Tells Nigeria to Slow Reserve Buildup
The International Monetary Fund (IMF) wants Nigeria's central bank to slow its dollar reserve buildup, after gross reserves hit a seventeen year high of...
