eNaira Platform Records 700,000 Transactions Worth N8bn
The Central Bank of Nigeria says its digital platform, eNaira, has recoded 700,000 transactions worth N8 billion since it was launched a year ago.
CBN Awards Remita Payment Service Provider Of The Year
The Central Bank of Nigeria has awarded Remitta as the payment service of the year, OduNews reports.
Why I Approved CBN’s Naira Redesign Move – Buhari
President Muhammadu Buhari has given reasons why he approved the Central Bank of Nigeria's moves to redesign the naira.
How Redesigning Naira Notes Will Help Fight Counterfeiting, Kidnapping – CBN
The Central Bank of Nigeria says its resolve to redesign some denominations of the naira notes will help combat counterfeiting and kidnapping.
JUST IN: CBN Introduces New N200, N500, N1000 Notes
The Central Bank of Nigeria has introduced redesigned N200, N500 and N1000 notes, OduNews reports.
MPR Hike To 15.5% Not Textbook Economy Step – CBN
The Central Bank of Nigeria has responded to critics of its recent hike in the Monetary Policy Rate to 15.5%, insisting the step is not a textbook or academic one.
eNaira Records Over 1.49m Transactions Worth N3.5bn
The Central Bank of Nigeria says its digital currency, eNaira, has recorded over 1.49 million transactions worth N3.484 billion.
CBN Disburses N66bn To Manufacturing, Agricultural Sectors
The Central Bank of Nigeria says it has disbursed N66 billion to the manufacturing and agricultural sectors.
CBN Pegs Interest Rate At 15.5%
The Central Bank of Nigeria has increased the Monetary Policy Rate from 14% to 15.5% to curb inflation, OduNews reports.
CBN Pumps $7.6bn Into Forex Market In Five Months
The Central Bank of Nigeria says it injected $7.6 billion into the economy through the forex markets in a bid to stabilise the naira.
Banks’ Loan To Power Sector Exceed N800bn
Loans disbursed by banks to players in the Nigerian power sector stood at N836.08 billion at the end of June 2022, OduNews reports.
Nigeria’s Forex Inflow Fall By 17.3% To $6.58b
Nigeria's average foreign exchange inflow went down by 17.3% to $6.58 billion in April 2022, OduNews reports.
N4bn Transactions Carried Out On E-Naira – CBN
The Central Bank of Nigeria says about N4 billion worth of transactions has been carried out using the digital currency, E-naira, since its launch in 2021.
Repatriate FX Earnings To Ease Pressure On Naira – CBN To Private Sector
The Central Bank of Nigeria has urged the Organised Private Sector (OPS) to bring in their foreign exchange proceeds back to the apex bank to stabilise the FX pressure in the country.
Naira Appreciates To N680 Per Dollar At Parallel Market
The value of the Naira on Monday appreciated to N680 per dollar at the parallel market on Monday, OduNews reports.
NGX Remains In Red Zone For Eight Consecutive Days
The Nigerian Foreign Exchange (NGX) Limited remained in the red territory for eight consecutive days as it recorded a 1.04 per cent loss on Thursday.
Emefiele’s Woes and The Naira Exchange Rate Conundrum
Since Nigeria’s return to democracy in 1999, successive governments have foregrounded the promise of equaling the naira to the dollar...
Crypto, Nigerians Escape Route Amid Falling Naira
[ODUNEWS] July 28 – Following the recent fall in the Naira to Dollar exchange markets, many Nigerians have resorted to...
JUST IN: Emefiele’s Failure Continues As Naira Jumps To N705 Per Dollar At Parallel Market
The value of the naira has fallen further from N705 to a dollar in the parallel market, findings by OduNews...
Naira Weakens To N670 Per Dollar At Parallel Market
The value of the Naira is depreciating at an alarming rate with the currency exchanging for N670 per dollar on Tuesday at the parallel market.