The Central Bank of Nigeria (CBN), has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change (BDCs) operator across the...
In an effort to stop what it considers as ongoing manipulation of the foreign exchange market and illegal money transfers, the Nigerian government has blocked the...
The police have warned that they will not tolerate any kind of violence during the organised labour movement’s two-day protest against the nation’s problems and exorbitant...
Following recent directives from the Central Bank of Nigeria (CBN), naira will now be the currency for international transfers facilitated by international money transfer operators (IMTOs)....
The Economic and Financial Crimes Commission (EFCC) has established a 7,000-man special task force across its 14 zonal commands to crack down on dollar racketeers in...
The federal government has been given a seven-day deadline by the federal high court in Lagos to fix the prices of goods and petroleum products. The...
Bismarck Rewane, a renowned economist, on Monday, declared that naira, the country’s official currency, is undergoing transition and not cursed as being speculated in some quarters....
The Central Bank of Nigeria (CBN) has confirmed that there are no plans to convert $30 billion deposits in domiciliary accounts to naira. A report, on...
The Debt Management Office (DMO) says Nigeria’s total public debt rose to N87.91 trillion in the third quarter (Q3) of 2023. DMO made this known on...
Says it’s an opportunity to promote local manufacturers Segun Ajayi-Kadir, the Director General of the Manufacturers Association of Nigeria (MAN), has regretted the exit of multinational...