New CBN Directive On Withdrawals

New CBN Directive On Withdrawals

CBN sets new ridiculous limits on withdrawals It is no news again that the Naira was redesigned and the newly designed notes will be in circulation soon but this week the CBN has gone a step further to release a memo to various financial institutions with a new set of directives that a lot of […]

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 The New Face Of The Naira

The New Face Of The Naira

Does the new Naira design look good? A few weeks ago, the CBN Governor, Godwin Emefiele, announced that a couple of the Naira notes would be redesigned and the sudden decision to change the outlook of the Naira note was fully backed and vetted by the president. Note that all the reasons presented to Nigerians […]

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 CBN Set To Redesign Naira Notes

CBN Set To Redesign Naira Notes

Not all of the notes will be changed There have been many questionable decisions during the tenure of the present CBN governor Gowin Emefiele. This new one is still hard to place because it is random and its purpose is still totally unknown. The CBN governor, some days ago, announced to the press that with […]

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 How Naira Devaluation Effects Our Economy

How Naira Devaluation Effects Our Economy

What does this mean to everyday people?   It is no news that the Naira is gradually losing its value.  Over the past few months, it has worsened beyond control despite all the tactics employed by the Central Bank of Nigeria.  This week, the exchange rate of the Naira to the United State Dollars has […]

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