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…
Naira crashes to N1,712 to a dollar as stocks fall to record lowest in one year
The naira fell to record lows on both the official and unofficial markets on Monday, while stocks posted their biggest one-day fall in more than a year, as jittery investors…
Atiku, your prescription will bring back Emefiele era – Presidency
Former Vice President, Atiku Abubakar, in an attempt to rubbish the foreign exchange policy of the Tinubu administration got his facts muddled up again. He also failed to prescribe…
Kidnapping: How our abductors use poisonous snakes to terrorise us – kidnap victims narrate ordeal
Feb. 18, 2024 Abducted victims recently freed from captivity have revealed that kidnappers use poisonous snakes to terrorise them. Some of them, who recounted their ordeals in separate interviews with…
Banditry: Nine burnt to death, 14 houses razed in Kaduna
February 18, 2024 At least nine people have been killed and nine others brutally injured by bandits who attacked Gindin Dutse Makyali village of Kufana district in Kajuru Local Government…