The Central Bank of Nigeria (CBN) says all denominations of naira banknotes currently in circulation remain indefinitely valid as legal tender and cannot expire or be phased out. A statement on ...

The policy is centered on combating the mishandling and abuse of Naira banknotes, which undermine their physical durability and increase the cost of replacing damaged currency. Through public ...

Last month, Brobisky sprayed naira banknotes at the premiere of Ajakaju, a keenly awaited film by actress and producer Eniola Ajao, at Film One Circle Mall. Videos of the "spraying" at this event ...

We urge Nigerians to continue accepting all Naira banknotes (both old and redesigned) for their daily transactions and to handle them with care to ensure their longevity. Furthermore, the general ...

Earlier this month, I wrote about the deadline for turning in the old naira (₦) banknotes, the scarcity of the new redesign and the lengths people have had to go to get their hands on the new currency ...

The Nigerian Naira appreciated significantly at the parallel market on Monday, strengthening to N1,590 per US dollar, compared to N1,610 per US dollar last week. However, this gain was not mirrored in ...

Some of the reforms done by Olayemi Cardoso, Central Bank of Nigeria (CBN) governor, have started paying off as foreign investors take ...

The Nigerian naira rallied for the third day in the official window, trading at N1,522.60 from N1,533 per dollar following ...

The action was taken just days before new Naira banknotes went into circulation with the intention of preventing money laundering and inflation. Nigerians had until January 24 to exchange their ...