Binance: It’s sabotage, if we don’t stop it it’ll destroy our economy – Onanuga
February 29, 2024 Presidential spokesman, Bayo Onanuga, says if not stopped, cryptocurrency trading website Binance will destroy the Nigerian economy by arbitrarily fixing foreign exchange rate. “If we don’t clamp…
Tinubu wants more Nigerians employed by multinationals, launches EEL
President Bola Tinubu on Tuesday in Abuja launched the Expatriate Employment Levy (EEL) to facilitate home-grown skill retention and technology domestication. The move was also to balance employment opportunities between…
Inflation: CBN ups interest rate by 400 basis points to 22.75 %
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday increased the Monetary Policy Rate (MPR), also known as interest rate, Â by 400 basis points to…
CBN mandates forex sellers above $10,000 to declare sources
The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their forex sources….
BDC: CBN mandates sellers of $10,000 and above to declare sources
Feb. 24, 2024 The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their…
Price fluctuation: CBN amends FX rates for customs duty on importation
In a bid to check fluctuation in prices of goods, the Central Bank of Nigeria (CBN), has reviewed the formula for fixing foreign exchange rates for Customs duty on importation….
Tinubu reforms yielding positive results, says MinisterÂ
Mohammed Idris Minister of Information When President Bola Ahmed Tinubu was sworn in on May 29, 2023, he made far-reaching statements regarding his economic vision for Nigeria. Two policy…
Alleged unlawful detention: Court orders CBN to pay German N63.7m, $10000 awarded against FG
Feb. 22, 2024 A Federal High Court, Abuja, on Thursday, ordered the Central Bank of Nigeria (CBN) to pay a German, Martin Gegenheimer, the sum of N63.7million and $10, 000…
Was is it bankers who took away our dollars? Asks Segun Sanni
US Dollar Nigeria is a peculiar place where those who know absolutely nothing about a topic would be making outlandish claims on the topic with supreme confidence that would make…
FG Auditing 22.7trn CBN ‘Ways And Means’ Loans – Edun
February 20, 2024 The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the President Bola Tinubu administration is auditing the 22.7 trillion naira Ways and Means…