The Central Bank of Nigeria (CBN) has categorically denied any intentions to redenominate Nigeria’s currency, the naira. This clarification came from Isa AbdulMumim, CBN’s Director of the Corporate Communications Department, in a statement issued on Tuesday in Abuja. There has been a circulation of social media messages suggesting that the CBN is considering the redenomination Read More…
The Registrar of the Chartered Institute of Treasury Management (CITM), Mr. Olumide Adedoyin, has issued a warning to the Federal Government regarding the purported intention to re-denominate the naira, cautioning that it could jeopardise economic stability. Adedoyin conveyed this concern in a statement released in Abuja on Tuesday, addressing the alleged plan for naira re-denomination. Read More…