Tag Archive: Nigeria

• Nov-23-2022

  Nigeria – New banknotes revealed.

    The Central Bank of Nigeria unveiled today the new banknotes to be issued on 15 December 2022. The new...

• Nov-1-2022

  Nigeria – Black market dollar rate reach 200% of official rate.

  At an average of 880 naira per USD the black market rate of the American dollar has surpassed the 200%...

• Oct-29-2022

  Nigeria – Finance Ministry not informed in advance of currency replacement.

  Zainab Ahmed, Minister for Finance, declared yesterday that the Central Bank of Nigeria did not consult her ministry before taking...

• Oct-28-2022

  Nigeria – New banknotes and the value of naira.

  The replacement of the old banknotes recently announced, and the short period given for their replacement, are affecting the value...

• Oct-26-2022

  Nigeria – New banknotes soon.

  Godwin Emefiele, Governor of the Central Bank of Nigeria announced today the imminent issue of new banknotes of 200 naira...

• Oct-26-2021

  Nigeria – Digital currency launched.

     You saw it first here… Nigeria’s Central Bank digital currency (CBDC) has been launched yesterday 25 October 2021 by...

• Sep-20-2019

  Kenya – Ten days to use or redeem old 1,000 shilling notes.

  If the Central Bank of Kenya does not extend it, September 30 is the last day to redeem the old...

• Sep-12-2019

  Nigeria – Clean note policy.

  The Central Bank of Nigeria has established a “Clean note policy” in April of this year. This policy states that:...

• May-27-2018

  Nigeria

  The Central Bank of Nigeria has started pumping large number of small denomination banknotes (5 through 200 naira) in the...

• Nov-4-2017

  Nigeria

  The Central Bank of Nigeria is contemplating the possibility of re-denominating its currency by creating a “new naira” equal to...