Naira - Hotmedia

Relief For The Naira: NNPC Ltd Secures $3billion Emergency Crude Repayment Afrexim Bank Loan To Stabilise FX Rates

HotmediaAugust 17, 2023

by HotmediaAugust 17, 20230503

The loan is also expected to help stabilise the foreign exchange market, enable authorities to meet forex demand, and improve the value of the Nigerian...

BUSINESS ECONOMY Finance

How To Protect Your Business From The Volatility Of The Naira

HotmediaJuly 30, 2023

by HotmediaJuly 30, 20230289

The latest earnings results on the NGX show that blue-chip brands that include Airtel Africa, Guinness Nigeria, Nigerian Breweries, and Cadbury Nigeria lost a significant...

BUSINESS ECONOMY Finance LATEST

Dollar To Naira Exchange Rate Crashed To Lowest

HotmediaJuly 27, 2023

by HotmediaJuly 27, 20230584

The naira to dollar rate crashed to almost N900/$1 trading as high as N855/$1 on Tuesday, and as low as N650/$1 in the Investors’ and...

BUSINESS ECONOMY Finance LATEST

CBN Withdraws Licenses Of 2,698 Bureau De Change As Naira Continues Free Fall

HotmediaJuly 18, 2023

by HotmediaJuly 18, 20230569

The Central Bank of Nigeria (CBN), has withdrawn the operating licenses of 2,698 Bureau de Change (BDC) operators, and released a list of dealers it...

BUSINESS Finance LATEST

CBN Directs Payment Of Dollar Receipts In Naira

HotmediaJuly 13, 2023

by HotmediaJuly 13, 20230604

The Central Bank of Nigeria (CBN) issued a directive yesterday to International Money Transfer Operators (IMTOs), instructing them to convert received dollars from Diaspora remittances...

BUSINESS ECONOMY Finance Stock Market

Nigeria’s Trade Value Hits N12.05trn Despite Naira Depreciation, Scarcity

HotmediaJune 8, 2023

by HotmediaJune 8, 20230236

Nigeria’s total trade value amounted to N12.05 trillion in the first quarter of 2023 despite Naira depreciation and scarcity. The latest trade statistics published by...

BUSINESS ECONOMY Finance LATEST

Just In: Naira Crashes At An All-Time Low At I&E Market As Tinubu Devalues Currency

HotmediaJune 1, 2023

by HotmediaJune 1, 20230526

●CBN Has Devalued Naira To N631 At I&E The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6...

BUSINESS ECONOMY Finance

Naira Redesign: Massive Cash Hoarding Resumes

HotmediaMay 23, 2023

by HotmediaMay 23, 20230568

•As currency outside banks rises 43% to N2.1trn There are indications that Nigerians have resumed cash hoarding following the relaxing of the currency redesign and...

BUSINESS Design ECONOMY

Why CBN May Phase Out New Naira Notes Soon

HotmediaApril 29, 2023April 29, 2023

by HotmediaApril 29, 2023April 29, 20230933

New Naira Notes Scarcity, CBN May Phase Out Newly Redesigned Notes, Nigerians Says Central Bank of Nigeria may be gradually withdrawing the newly redesigned...

ECONOMY BUSINESS LATEST

CBN Has No Reason Not To Obey Supreme Court On Naira Redesign – Presidency

HotmediaMarch 13, 2023March 13, 2023

by HotmediaMarch 13, 2023March 13, 20230130

The Presidency on Monday said the Central Bank of Nigeria (CBN) has no reason not to comply with the Supreme Court order on naira redesign...

Uncategorized

Supreme Court Ruling: CBN Says Both Old & New Notes Are Now Legal Tender

HotmediaMarch 7, 2023

by HotmediaMarch 7, 20230313

The Central Bank Of Nigeria has approved the circulation of old naira notes to customers at their various Banks’ automated teller machines (ATMs) terminals and...

POLITICS LATEST SECURITY

Naira Redesign Crisis: Saturday’s Presidential Election Should Not Be Shifted –Prince Adebayo

HotmediaFebruary 22, 2023

by HotmediaFebruary 22, 2023099

Prince Adebayo Speaks On Security, Economy At NBA Dialogue The Presidential Candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo on Monday said the...

LATEST POLITICS

Nigerians deserve an alternative party and personality that will lead the country out of the woods – SDP Presidential Candidate

HotmediaFebruary 22, 2023February 22, 2023

by HotmediaFebruary 22, 2023February 22, 20230123

Less than a week before the February 25th presidential election, presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo, African Democratic Congress (ADC),...

LEGAL EDUCATION LATEST POLITICS

Full List Of 10 States Ask Supreme Court To Set Aside Buhari’s Ban On Old N500, N1,000 Notes

HotmediaFebruary 19, 2023

by HotmediaFebruary 19, 20230125

Ten states have asked the Supreme Court to set aside the pronouncement of President Muhammadu Buhari banning old N500 and N1,000 notes. The governors, in...

LEGAL ECONOMY LATEST

JUST IN: Supreme Court Adjourn Hearing On Naira Crisis

HotmediaFebruary 15, 2023

by HotmediaFebruary 15, 2023067

The Supreme Court sitting in Abuja on Wednesday adjourned a hearing in the suit banning the use of the old naira to Wednesday, 22nd February...

LATEST ECONOMY

Cash Crunch: Allow Old, New Notes Co-Exist For 12 Months, Tinubu Asks CBN

HotmediaFebruary 13, 2023

by HotmediaFebruary 13, 20230168

He also advised the immediate suspension of associated charges on online transactions and bank transfers. The presidential candidate of the All Progressives Congress (APC), Bola...

ECONOMY LATEST POLITICS

Naira Hoarders Plotting To Install Interim Govt – Tinubu Cries Out

HotmediaFebruary 5, 2023

by HotmediaFebruary 5, 20230107

Tinubu said the chaotic roll-out of the redesigned naira notes is a deliberate move by some elements to pave the way for an interim government....

ECONOMY BUSINESS LATEST TECHNOLOGY

Re-design Naira: Reactions As CBN Says It Doesn’t Know Quantities Of New Notes Printed

HotmediaDecember 22, 2022

by HotmediaDecember 22, 20220112

A lawmaker wondered why the news notes are not available days after it was were released to the public. Aisha Ahmad, the Deputy Governor of...

BUSINESS ECONOMY TECHNOLOGY

How To Use Crypto And Naira To Buy US Dollars

HotmediaDecember 20, 2022December 20, 2022

by HotmediaDecember 20, 2022December 20, 20220102

Some cryptocurrency enthusiasts are jumping on the stablecoin bandwagon as the naira continues to lose value. However, a sizable portion of the Nigerian populace is...

TECHNOLOGY ECONOMY SECURITY

Five Ways On How To Identify Fake Naira Notes

HotmediaDecember 20, 2022

by HotmediaDecember 20, 20220119

…. How To Identify Fake Naira Note Some days after the Central Bank of Nigeria (CBN) released the redesigned Naira currency in the denominations of...

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