VOICE AIR MEDIA News Update THE Central Bank of Nigeria, CBN, has said that the old naira banknotes will remain a legal tender. VOICE AIR MEDIA reports that the CBN had introduced the redesign...
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Inside Nigeria: Details Emerge As Money Scarcity Worsens
VOICE AIR MEDIA News Update Naira scarcity is biting harder across the country as banks have limited cash withdrawals. Residents of Lagos, Abuja, Kano, Katsina, Jigawa and Adamawa and in other parts of the...
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Naira hits N780/$ at official market
THE naira, on Friday, closed at N780.14 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window. The rate represents a recovery of 21.73 percent from the figure...
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2 Minutes
BREAKING: Dangote refinery secures licence to refine 300,000bpd crude
Africa’s richest man, Aliko Dangote, has said his refinery has secured a licence to refine more than 300,000 barrels of Nigerian crude per day and will begin to process gasoline soon. “We don’t...
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How We’re Protecting Users From Fraud – PalmPay
A Fintech Company, PalmPay, says the upsurge in fraud cases in Nigeria’s financial services sector calls for improvement in the security and safety of fintech apps. PalmPay’s Head, IT and Payments, Mr Temitayo...
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4 Minutes
LCCI praises Dangote for creating jobs, reducing poverty
The Lagos Chamber of Commerce and Industry (LCCI), on Wednesday, lauded the contributions of Dangote Industries Limited (DIL) to poverty reduction efforts of the Federal government, especially the massive employment opportunities for the nation’s...
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Honeymoon ends as Naira Weakens on Nigeria’s Streets
VAM News update THE naira on Wednesday weakened to N1,135 per dollar at the parallel section of the foreign exchange (FX) market. The figure represents N15 or 1.35 percent depreciation compared to the N1,120...
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2 Minutes
CBN issues fresh directives on denominations of old and new naira notes
VAM News update THE Central Bank of Nigeria (CBN) has reiterated that all denominations of banknotes it has issued remain legal tender, and should not be rejected by anyone, as stipulated in Section 20(5)...
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2 Minutes
Reaction as Naira crashes to 1,030/$
The naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing the momentum it gathered last week. This represents a N80 loss or a...
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1 Minute
Naira crashes to 1,030/$ as speculators react
VAM News update THE naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing the momentum it gathered last week. This represents a N80 loss...
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