The Nigerian Naira appreciated significantly at the parallel market on Monday, strengthening to N1,590 per US dollar, ...

“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.

At the close of Friday’s trading, the naira stood at 1547.58/$ on the NAFEM ... A majority of the average Nigerians have not seen a dollar banknote in their life, but the elite, the high-net ...

Gradually but steadily, the buying and selling of the naira (banknotes), also known as commoditisation, is fast becoming a ‘major’ business, but constituting an affront to the effectiveness of ...

The Scarcity Of Naira Notes And Public Frustration The 2024 ... Moreover, the practice of selling banknotes to POS operators and influential individuals is not only unethical but also detrimental ...

And because ignorance is not an excuse in law, it is important that people know about banknote handling practices. Why is the naira so important that there are rules on its handling? The naira ...

The twin policies of floating the naira and removal of fuel subsidy had ... majority of the average Nigerians have not seen a dollar banknote in their life. 'But the elite, the high-net-worth ...

Although most Nigerians have never seen a dollar banknote, members of the elite, high-net-worth individuals, super-rich people, and a segment of the middle class have. The belief that the value of the ...

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“As you will recall, these initiatives were introduced to: Monitor and prevent practices that facilitate flow of mint banknotes to ‘hawkers’ of naira cash, thereby discouraging abuse of the naira; and ...