Buhari decries flagrant disregard for money laundering laws
President Muhammadu Buhari has expressed concern at the volume of foreign currency in the country. He feared they could be deployed for something untoward A statement yesterday by his Senior Special Assistant on Media and Publicity, Garba Shehu, said the president raised the alarm during the Federal Executive Council (FEC) meeting where he accused some…
Four policemen arrested for alleged robbery
Four policemen attached to Ijanikin Division in Badagry, Lagos State have been arrested for allegedly robbing a Togo-based Nigerian of his CFA350,000.
CBN takes banks, BDCs head-on over new forex rules
The Central Bank of Nigeria (CBN) has declared a full-scale intervention in the nation’s foreign exchange market, with banks and Bureau De Change (BDC) operators in the searchlight. According to insider source at the apex, the latest reform efforts to consolidate gains in the last one year, came on the heels of suspicious act of…
CBN boosts forex supply with $195 million
The Central Bank of Nigeria (CBN) has again intervened in its weekly inter-bank foreign exchange market (Forex) with the injection of another $195 million.