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Independent Africa

A Fresh naira lawsuit will soon be heard – Supreme Court says

The Supreme Court reaffirmed on Wednesday that the new naira action will soon be heard, During a court proceeding, the attorney for Lagos State, Moyosore...
Independent Africa

Nigeria Police arrest bank manager for ‘hoarding’ new notes

The branch manager of a commercial bank in Abuja, the nation's capital, has been detained by the Nigerian agency that looks into financial crimes for...
Independent Africa

Cashless economy: Nigeria launches domestic card scheme

In an effort to further its goal of transforming Africa's largest economy into a cashless society and saving the nation foreign transaction fees, Nigeria's...
Independent Africa

What a waste of time and resources … what is the difference? Nigerians unimpressed with redesigned banknotes

Nigerians have challenged the central bank's proposal to "redesign" the local currency of the nation in order to stop money laundering and large-scale hoarding...
Independent Africa

Decision to redesign naira positive for economy – Experts

Some financial experts have commended the Central Bank of Nigeria (CBN) for its decision to redesign the naira, saying that it would have positive...
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