Tag: Naira
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Nigeria’s senate approves restructure of $52 bln in cenbank loans
Nigeria's senate has approved a request by President Muhammadu Buhari to restructure 23.7 trillion naira ($52 billion) in short-term loans due to the central bank to...
Nigeria’s Supreme Court rules naira redesign invalid
Nigeria's Supreme Court has ruled that old banknotes remain legal tender until the end of the year, bringing relief to millions affected by a...
Lack of cash is stalling Nigeria’s $220 billion informal economy
For 20 years, Ogbogo Moses used cash to trade fresh fruits for six days a week in Nigeria’s northwestern Kaduna state. Now she’s lucky...
Nigeria’s Buhari grants 60-day extension to turn in old banknotes
Nigeria’s President Muhammadu Buhari on Thursday gave approval to the central bank to extend the deadline to turn in old banknotes by another 60...
Nigeria’s naira shortage: Banks attacked in Warri and Benin City
Angry protests have broken out in some Nigerian towns and cities as people struggle to get hold of new banknotes.
Frustration has been building for...
