The Central Bank of Nigeria will take delivery of new naira notes before the end of September for circulation, the Deputy Director, Operations, Dr Tunde Lemo, has said. The regulator had earlier said that new naira notes would be in circulation by June, and that the smaller denomination notes (N5, N10, N20, and […]
World News
Naira Heads for 3-Week Low Before Central Bank Sale: Lagos Mover
Nigeria’s naira headed for its weakest level against the dollar since July 23 as demand increased before the central bank’s second foreign-exchange auction of the week. The currency of the continent’s biggest crude producer retreated 0.2 percent to 160.85 per dollar as of 1:02 p.m. in Lagos, the commercial capital, […]
Jaiz Bank to process forex for BDC operators
Jaiz Bank Plc has unveiled plans to process foreign exchange transactions for Bureau de Change operators from next month. By this move, the bank, which is the first full-fledged non-interest bank in the country, will now join other commercial banks in processing foreign exchange transactions. A statement issued by the […]
