The Central Bank of Nigeria has raised concerns over the increasing trend of illicit transactions involving banknotes, warning that the practice threatens the stability of the financial system.CBN ...

Central Bank of Nigeria (CBN) has raised alarm over the commoditization of Naria in commercial cities in the country and enlisted security and law enforcement agents to tackle the menace.CBN pointed ...

There is prevalence of naira commoditization and abuse in some Nigeria's commercial hubs, including Abuja, Asaba, Awka, Benin, Ilorin, Kano, and Ibadan, Central Bank has alarted.

The Central Bank of Nigeria (CBN) has sounded the alarm over the growing trend of illicit transactions involving banknotes, urging immediate intervention to curb the practice.