Latest News for: naira

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 Kannywood Actress Jailed for Naira Abuse in Kano

This Day 15 Feb 2026
Nigeria . 4 seconds ago. A Federal High Court in Kano has sentenced Kannywood actress, Saadatu Mohammed Inuwa, better known as Samha, to six months imprisonment for abusing and mutilating Nigerian currency. Justice S.M ... .
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Analysts Credit Drop in Petrol Import into Nigeria to Lower Prices Offshore Lome, Stronger Naira

This Day 15 Feb 2026
Local and international petroleum marketing analysts have attributed the drop in petrol imports into Nigeria to lower Ship-to-Ship (STS) prices offshore in Lomé and a stronger naira ... One major factor is the strong Naira we’ve seen lately.
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Breaking: Court Jails Two Chinese for 46 Years Over Multi-Billion Naira Crypto, Cybercrime Fraud

This Day 11 Feb 2026
Limited, Huang Haoyu, also known as Ken, and An Hongxu, to 46 years’ imprisonment each, or an option of a N56 million fine, for their roles in a multi-billion-naira cybercrime and money laundering scheme.
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Emefiele’s Trial: Banks Hoarded 2022 Redesigned Naira Notes, Says Witness

This Day 11 Feb 2026
Godwin Emefiele, yesterday indicted commercial banks for the scarcity that greeted the Naira redesign policy of the federal government in late 2022 and early 2023.
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Emefiele: Commercial Banks Hoarded 2022 Redesigned Naira Notes, Says Witness

This Day 10 Feb 2026
Recall that during his Evidence-in-Chief, the witness tendered video evidence claiming that the redesign of the Naira notes by the Emefiele-led CBN brought untold hardship for many Nigerians.
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CBN Reforms: How Oil Price Rally is Opening Windows for Naira, Reserves Rebound

This Day 10 Feb 2026
As Brent crude trades around $69 per barrel, comfortably above Nigeria’s 2026 budget benchmark of $64.85, there is cautious optimism that the gains could filter through to the naira Nigerians use every day.
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Cardoso sees Naira regaining regional dominance, halting FX scramble

Business Day Online 09 Feb 2026
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has declared that the Naira is reclaiming its status. read more Cardoso sees Naira regaining regional dominance, halting FX scramble ....
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Naira records 1.5% weekly gain as reserves maintain growth

Business Day Online 06 Feb 2026
The naira ended the trading week on a stronger note across the foreign exchange (FX) markets, appreciating against the dollar. read more Naira records 1.5% weekly gain as reserves maintain growth ....
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Naira cools after ten-day gains on dollar demand

Business Day Online 05 Feb 2026
The naira edged lower on Thursday in the official foreign-exchange market, retreating from a ten-day rally as renewed dollar demand. read more Naira cools after ten-day gains on dollar demand ....
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Firm, PAPSS to Launch Wallet-based Outbound Payments in Naira

This Day 05 Feb 2026
... continent’s first wallet-based outbound payments from Nigeria to Ghana – fully in Naira, without relying on hard currency conversion, in partnership with banks and Mobile Money Operators (MNOs).
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Naira hits record high of N1,372.91/$ without CBN inflow

Business Day Online 04 Feb 2026
The naira on Tuesday surged to a record high of N1,372.91 to the dollar in the official foreign exchange (FX). read more Naira hits record high of N1,372.91/$ without CBN inflow ....
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Wema Bank hits trillion-naira market cap for first time since listing

Business Day Online 04 Feb 2026
In a record feat, Wema Bank Plc, one of Nigeria’s oldest lenders, has joined the N1 trillion market capitalisation club,. read more Wema Bank hits trillion-naira market cap for first time since listing ....
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Why naira rallied to strongest level in two years

Business Day Online 04 Feb 2026
The naira rallied to its strongest level in two years last week, buoyed by a weakening US dollar, rising oil. read more Why naira rallied to strongest level in two years ....
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Naira mutual funds surge 140% as dollar bets cool

Business Day Online 04 Feb 2026
Naira-denominated mutual funds surged by about 140 percent in one year as investor appetite shifted away from dollar assets, signalling. read more Naira mutual funds surge 140% as dollar bets cool ....
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Naira maintains steady rise, hits N1,358.28 as reserves grow

Business Day Online 04 Feb 2026
The naira continued its steady appreciation against the US dollar across Nigeria’s foreign exchange markets on Wednesday, strengthening to N1,358.28. read more Naira maintains steady rise, hits N1,358.28 as reserves grow ....
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