EFCC Arraigns Man for Rejecting Naira, Accepting Dollars Instead
The Economic and Financial Crimes Commission (EFCC) has taken legal action against Precious Uzondu for allegedly refusing to accept the Naira as a legal tender. […]
Central Bank of Nigeria
Naira Strengthens to N1,630/$ in Parallel Market: A Positive Turn for Nigeria’s Economy
Naira Appreciates to N1,630/$ in Parallel Market: Key Insights on Nigeria’s Economic Shift In a surprising twist, the Naira strengthened in both the parallel and […]
Banks Enforce PoS Withdrawal Limits: N100k Daily and N500k Weekly
Banks have started implementing a daily withdrawal limit of N100,000 and a weekly limit of N500,000 on Point-of-Sale (PoS) terminals. This move follows a directive […]
CBN Introduces Digital Systems to Enhance Government Efficiency
The Central Bank of Nigeria (CBN) has launched two groundbreaking digital tools—the Document Flow System and the MDAs Naira Payment Solution—as part of its “Digital […]