President Tinubu to review naira redesign policy

President Bola Tinubu in his first address to the nation has said that the naira redesign policy by the Central Bank of Nigeria (CBN) would be reviewed.

According to him, “the currency swap was too harshly applied by the CBN given the number of unbanked Nigerians.

“The policy shall be reviewed. In the meantime, my administration will treat both currencies as legal tender”.

Source: President Tinubu to review naira redesign policy – StocksWatch (stocksng.com)

Related Posts

14

Nov
Business & Economy

Fidelity Bank Plc reports N132.31bn profit in H1 2025

Fidelity Bank Plc on Thursday published its Second Quarter report for the period ended 30 June 2025. The Financial Institution reported Gross Earnings of N748.71 billion for the 6 months period, up by 45.99% from N512.86 billion reported in the corresponding period of 2024. Profit after tax of N132.31 was achieved for the 6 months period, down […]

14

Nov
Market Update

Stock market stays 1.08% afloat as 55 stocks rally

The Nigerian market stayed afloat on price appreciation in CUSTODIAN, Linkage Assurance and other 53 stocks that made the green table on Thursday, consolidating on the impressive rebound on Wednesday from a prolonged losing streak that had pushed the market to its lowest level since 2010. The All Share Index grew 1.08%, closing at 146,981.17 points from[…]