Latest News

Dollar to Naira black market rate today Thursday, 14th December 2017

Dollar to Naira black market rate today Thursday, 14th December 2017  Naira drops against Dollars, others Dollar to Naira black market rate today Thursday, 14th December 2017 is N360/N364.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of the year. Earlier in the year […]

CBN repays $1.1 bln worth of T-bills; overnight rates fall – MetroBusinessNews

CBN repaid a total of 340 billion naira ($1.1 bln) worth of treasury bills on Thursday instead of rolling them over, in a move to lower government borrowing costs, traders said. They included 131.4 billion naira worth of treasury bills issued by the Debt Management Office (DMO), while the balance was in open market bills […]

Gemade accuses FG of withholding N100billion appropriated for housing — Business — The Guardian Nigeria Newspaper – Nigeria and World News

Senator Barnabas Gemade The Chairman Senate Committee on Lands, Housing and Urban Development, Senator Barnabas Gemade, has revealed that the sum of N100 billion appropriated in the 2017 Budget as intervention fund, to support mortgage activities in the country has not been released to the Federal Mortgage Bank of Nigeria (FMBN). This is even as […]

Treasury bill yield rises as foreign funds exit

Banks trade FX at N314.50 per dollar on interbank market Nigeria’s one-year treasury bill yield rose to 10 per cent yesterday having dropped to 7 per cent in the previous session as the announcement by the government that it would repay some outstanding maturities this month led to foreign funds exiting the market, traders said. […]

Naija Dailies: Nigerian News | Abuse the Naira and face jail term – CBN warns Nigerians

   Top Nigerian Dailies    Most Read Nigerian News    Certified Global Alexa Rank Abuse the Naira and face jail term – CBN warns Nigerians Naija Broad  – The Central Bank of Nigeria on Friday warned Nigerians against abusing the naira notes. The […]

13 Naira Note Sellers In Soup After Raid By DSS, Police In Port Harcourt

No less than 13 Naira note sellers who turned deaf ears to warnings by the Central Bank of Nigeria (CBN) have landed themselves in the soup following a sting operation jointly carried out by operatives of the Police and Department of State Services (DSS) in Port Harcourt, Rivers State. Recall that the CBN had times […]

13 ‘hawkers’ of Naira notes arrested in Port Harcourt

Mint Naira denominations Security operatives in a combined operation with officials of Central Bank of Nigeria on Wednesday arrested 13 women hawking mint naira notes in various parts of Port-Harcourt, the Rivers State capital. A  sum of N2,937,430 consisting of various denominations of naira notes  were recovered from the suspects who are currently being  held […]

Naira appreciates to N360.41 in I&E

By Babajide Komolafe The naira Wednesday depreciated by four kobo to N360.41 per dollar in the Investor and Exporter (I&E) window, while the volume of dollars traded fell sharply by 80 percent. Data from the Financial Market Dealers Quote (FMDQ)

Police, DSS Nab 13 In PH Over Sale of Naira Notes

PORT HARCOURT (Sundiata Post) – T he Police, working in collaboration with the Department of State Services (DSS), have arrested 13 naira note sellers in Port-Harcourt, Rivers State in a sting operation that included officials of the Central Bank of Nigeria (CBN). Briefing the media on Wednesday, December 13, 2017, the Police Public Relations Officer, […]

Dollar to Naira black market rate today Wednesday, 13th December 2017

Dollar to Naira black market rate today Wednesday, 13th December 2017  Naira remains on stable Dollar to Naira black market rate today Wednesday, 13th December 2017 is N360/N363.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of the year. Earlier in the year 1 […]

CBN Injects $210 Million Into FX Market

This intervention had an almost immediate effect as banks traded dollars at 314.50 naira on interbank market on Wednesday.Nigeria’s currency, the Naira is doing well. It has been steady at 363 naira per dollar at the parallel market for the past few weeks – thanks to the consistent intervention of the Central Bank of Nigeria, […]

Naija Dailies: Nigerian Entertainment News | CBN Warns Nigerians – ‘Anyone Caught Abusing The Naira Will Face Jail Terms’

   Top Nigerian Dailies    Most Read Nigerian News    Certified Global Alexa Rank 1 More photos from the traditional wedding of Nollywood actress Naomi Nkechi Emmanuel – Naij, 1 hour ago 2 $65bn excess crude […]

Anyone Caught Abusing The Naira Will Face Jail Terms – CBN Warns

The apex bank of Nigeria, CBN has warned citizens against abusing the local currency which is becoming rampant in recent times.

Abuse The Naira, Go To Jail – CBN Warns Nigerians

The Central Bank of Nigeria, warned Nigerians against abusing the naira notes. The apex bank said anyone caught abusing the naira would be prosecuted and if convicted the person risked six months in jail or a fine of N50,000. An official of the Currency Operation Department at the CBN headquarters, …