The Central Bank of Nigeria has not announced new cash denominations of 5,000 ($3.12) and 10,000 ($6.25) naira, contrary to widely viewed Facebook posts sharing a fake statement posing as one from the ...

His portrait on the 500 Naira note serves as a reminder of his contributions to uniting the nation and fostering political awareness. The inclusion of his image on this note reflects the enduring ...

The naira continued to depreciate against the dollar at official and parallel foreign exchange markets to begin the week on a negative note. This comes as the Central Bank of Nigeria’s foreign ...

Two women from Lagos, Folake Adeoti and Modupe Adewuyi, have each been handed a one-year jail term after admitting guilt to separate charges of unlawfully trading in Naira notes. Their sentencing ...

EFCC said Ms Adeoti and Ms Adewuyi were arrested on 21 March along Jobi Fele Way, Ikeja, Lagos, while hawking naira notes to the tune of N3,850,000.00 and N1,600,000, respectively. The Federal ...