Naira
27 Oct
The Shipping Agencies, Clearing and Forwarding Employers Association (SACFEA) has called on the Federal Government to compel its agencies operating at the ports to charge in Naira. The President of SACFEA, Mrs Boma Alabi, who made the call in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos, said that it…
25 Oct
The Naira closed the week stronger on Friday at the official market, trading at N1,600 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N1.20. This represents a 0.07 per cent gain when compared to the previous trading date on Thursday when it exchanged at N1,601.20…
24 Oct
The House of Representatives has urged the Central Bank of Nigeria (CBN) to accelerate the increased circulation of newly printed ₦500, ₦200, and ₦1,000 banknotes while simultaneously withdrawing the old notes from circulation in an organized manner. The lawmakers made the call as the country approaches the December 31, 2024, deadline for the old notes…
24 Oct
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that Nigeria would continue to prioritise
18 Oct
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the confidence in the naira is “gradually returning”, noting that the apex bank is focused on ensuring stability.
9 Oct
A former Deputy Governor of the Central Bank of Nigeria (CBN), Edward Adamu, on Wednesday, told the Federal Capital Territory High Court Abuja that Godwin Emefiele, a former Governor of the bank did not follow laid down procedure in the process that led to the redesign of some notes of the Nigerian currency. Led in…
7 Oct
The 2019 APC Presidential aspirant, Chief Charles Udeogaranya has advised the governor of the Central Bank of Nigeria (CBN) Mr. Yemi Cardoso and his co-economic planners to rethink the Naira floating policy and accept the fact that Naira should not trade at any rate higher than 600 Naira to a Dollar. He clarified that the…
26 Sep
The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange (FX) to eligible Bureau De Change (BDC) operators at N1,590 per dollar, to meet the demand for invisible transactions.
19 Sep
The #EndBadGovernance August 1 protest was ill-timed to say the least. About time, Nigerians know of both its healing properties and unmatched ability to wear and wound irreparably.
12 Sep
The pressure on the naira intensified yesterday, dragging it to about N1,600 to the dollar amid hope that the recent $900 million raised through its Federal Government’s domestic dollar bond will ease the depreciation
6 Sep
The impacts of the hike in the pump price of petrol seem to be taking a toll on the naira as the national currency tumbled to N1,645 to one dollar at the parallel market, yesterday.
2 Sep
Entrepreneurs business owners and industry stakeholders have kicked against the directive from the Federal Competition and Consumer Protection Commission (FCCPC) to traders, who last week, gave traders nationwide, a 30-day ultimatum to reduce the prices of goods or face sanctions.
Latest
2 hours ago
Popular singer and record label boss, Azeez Fashola, popularly known as Naira Marley, has spoken out in defence of Afrobeats star Ayra Starr after she was criticised for dancing to his new song, Pxy Drip (I’m Back). A video of the Sabi Girl crooner vibing to the track surfaced online on Thursday, sparking mixed…
2 hours ago
Residents of Iguovbiobo in Uhunmwode Local Government Council Area of Edo State, on Friday, cried out for help to the Oba of Benin, Oba Ewuare II over the leadership crisis rocking the rural community. They also expressed dissatisfaction with the leadership of Iguovbiobo in Uhunmwode Local Government Council Area by one Mr. Bright, who has…
3 hours ago
The House of Representatives is in support of President Bola Tinubu's proposal to the National Assembly to increase the 2025 budget proposal from N49.7trillion to N54.2trillion, given prospects of additional revenue from key government agencies. The Senate President, Godswill Akpabio and the Deputy Speaker of the House of Representatives, Benjamin Kalu, who presided over plenary…
4 hours ago
The Chief Judge of Kogi State, Justice Josiah Majebi, has admonished the state Commissioner of Police, CP Miller Dantawaye, to train his men
4 hours ago
Education experts in the country are divided over the Federal Government's proposal to shift from the old 9-3-4 to 12-4 system.
4 hours ago
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arrested Adam Imam Yusuf, a Deputy Commandant of the Nigerian Security and Civil Defence Corps (NSCDC) in Kogi State, over the alleged diversion of more than N3 billion. Yusuf, who was at large until now, was taken into custody from his residence in Gwagwalada,…
4 hours ago
The Lagos Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) on Thursday, February 6, 2025, arraigned nine Chinese nationals and a company, Genting International Co. Ltd., before Justice C.J. Aneke of the Federal High Court sitting in Ikoyi, Lagos. The anti-graft agency gave the names of the defendants as Su Dong Fu, Zheng…
5 hours ago
Amid dangerous weather conditions, authorities have launched a search for a Bering Air Caravan plane with 10 people on board which vanished over Alaska. The aircraft, which was travelling from Unalakleet with nine passengers and one pilot on board, was declared missing after it disappeared from radar and failed to arrive at its destination in…