Currency swap
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President Bola Tinubu on Thursday urged the government of the People’s Republic of China to increase the $2 billion currency swap between Nigeria and China to enhance trade between the two countries. He also called for an upward review of the $50 billion aid package for Africa, which China’s President Xi Jinping announced last year.…
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The Central Bank of Nigeira, CBN has opened a portal for Nigerians to deposit the old Naira notes by filling up forms. This development comes after the adjournment of the case on the legality of the February 10, 2023 deadline for the Naira Swap to February 22 by the Supreme Court. The Supreme Court adjourned…
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Nigerians have continued to experience scarcity of the naira notes since the January 31 deadline issued by the Central Bank of Nigeria, CBN, on the swap of the currency. The CBN had earlier set a January 31 deadline for the use of the old naira notes. It was later extended to February 10. However, following…
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The legal fireworks between the three northern States controlled by the All Progressives Congress, APC, (Zamfara, Kaduna and Kogi) and the federal government over the controversies surrounding the Naira redesign policy by the Central Bank of Nigeria (CBN) will resume today, Wednesday, at the Supreme Court. The Apex Court will hear the merit of the…
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