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Premium on Naira Banknotes: Central Bank Condemns, Urges Action Against Illegal Currency Dealers

The Central Bank of Nigeria has raised concerns over illegal currency dealers charging premiums of 20–40% on naira banknotes. Threat to Naira Credibility The Nigerian central bank has raised alarms over the growing pract...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Premium on Naira Banknotes: Central Bank Condemns, Urges Action Against Illegal Currency Dealers
The Central Bank of Nigeria has raised concerns over illegal currency dealers charging premiums of 20–40% on naira banknotes. Threat to Naira Credibility The Nigerian central bank has raised alarms over the growing practice in which illegal currency dealers charge a premium on local currency banknotes. According to Olayemi Cardoso, the governor of the Central […]

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