Charles Soludo has thrown his weight behind the currency redesigned policy of the Central Bank of Nigeria.
Naira appreciates against the US dollar at the opening of trade on Monday.
The Naira was exchanged at N820 to the United States Dollar at the black market on Thursday despite the official exchange rate remaining at N439.88/US$1.
Governor Emefiele has said the Arabic inscriptions on Naira notes known as Ajami will remain in the new naira designs.
The Nigerian Naira exchanged lower against its global counterparts across key foreign exchange segments on Tuesday as investors and businesses remained apprehensive.
President Muhammadu Buhari announced that the CBN had given him reasons to believe redesigning the Nigerian Naira is a move that would benefit the economy in...
The Naira to Dollar exchange rate plunged to N800 at the unregulated parallel market, popularly known as the black market during the weekend.
Nigeria's Naira witnessed a significant fall against the U.S. Dollar during the week, trading at N780/$1 at the unofficial market.
The Central Bank of Nigeria's (CBN) move to redesign and reissue the N200, N500, and N1000 notes have been welcomed with diverse reactions by the citizens...
CBN has disclosed that the move to redesign the naira notes was necessitated due to cases of hoarding, shortage of clean notes, and counterfeiting.
