The Nigerian currency, the naira, has maintained stability against the dollar in the forex market on Thursday, May 22, 2025, ...

The Nigerian Naira (₦), once nearly at par with the US Dollar, has suffered severe depreciation over the decades. From ₦0.658 to $1 in 1972 to a whooping ₦1,609 to $1 in 2025, the journey of ...

After the transition period, the word “new” may be removed, and all the Kobo in coins and all the Naira in notes/coins. In the process, higher denominations like N2000, N5000, and N10,000 ...

100 kobo make one naira. On 11 February 1977, CBN issue a new banknote with di value of twenty naira (₦20). Dis bin be di highest denomination dem introduce dat time as a result of di growth of ...

This resulted in the change of the major unit of currency from pounds to naira and kobo. On February 11, 1977, the then central bank introduced the N20 note, which was then the highest denomination.

The tragic history dates back to 1983 when the Naira began her nosedive and successive governments have failed to ameliorate the plunge. In 1983, $1 was exchanged for about 72 Kobo. But the Naira ...

The Naira and kobo laws, as outlined in the CBN Act, provide a legal foundation for currency management and establish penalties for offenses involving the Naira. Key sections of the Act ...

The Central Bank of Nigeria (CBN) has urged a Federal High Court in Lagos to dismiss a suit filed by human rights lawyer, Femi Falana, seeking to compel the apex bank to stop the alarming ...

States to strive to host Sports Festival The Director General of the National Sports commission, NSC, Hon Bukola Olopade has ...