• Oshiomhole Fumes, Says Naira Redesign is Senseless

    Oshiomhole Fumes, Says Naira Redesign is Senseless0

    Oshiomhole Fumes, Says Naira Redesign is Senseless Adams Oshiomhole, a chieftain of the All Progressives Congress (APC), has claimed that President Muhammadu Buhari was deceived into approving the naira redesign policy of the Central Bank of Nigeria (CBN). While speaking on a political programme on the Channels Television on Sunday night, Oshiomhole, a senatorial candidate

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  • New Cash Withdrawal Limit Policy Will Tackle Electronic Fraud — CBN

    New Cash Withdrawal Limit Policy Will Tackle Electronic Fraud — CBN0

    New Cash Withdrawal Limit Policy Will Tackle Electronic Fraud — CBN   The Central Bank of Nigeria, CBN says its current cash withdrawal limit policy would help in tackling electronic fraud. CBN Director of the Payments System Management Department, Musa Jimoh, made this known on Saturday in Lagos. He also disclosed that as electronic payments

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  • Naira Depreciation Adds N9tn to Foreign Debt Burden

    Naira Depreciation Adds N9tn to Foreign Debt Burden0

    Naira Depreciation Adds N9tn to Foreign Debt Burden The value of naira to dollar fell from N196.92 in June 2015 to N414.72 in June 2022, worsening Nigeria’s foreign debt burden. Within the seven years under review, the naira depreciated by 52.52 per cent against the US dollar. The Monthly Average Exchange Rates of the Naira

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