EFCC Prohibits US Dollar Transactions in Nigeria, Directs Embassies to Transact in Naira
The Economic and Financial Crimes Commission (EFCC) has issued a strong warning to foreign missions operating in Nigeria, prohibiting them ...
Tag: NAIRA
PRP Slams Federal Government Over 300% Electricity Tariff Hike
The Peoples Redemption Party (PRP) has strongly condemned the recent decision of the Federal Government to increase electricity tariffs by ...
President Tinubu Urges Nigerians to Patronize Made-in-Nigeria Products to Sustain Naira’s Gains
President Bola Tinubu has called on Nigerians to support locally-made products and services in order to maintain the recent gains ...
CBN Governor Unveils $2.4 Billion Forex Scam, Deloitte Audit Exposes Irregularities
Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) disclosed on Monday, January 5, 2024, that a staggering $2.4 ...
CBN Assures Depositors of Nigerian Banks’ Safety Amidst Speculation
The Central Bank of Nigeria (CBN) has reassured depositors of the safety of their funds in all Nigerian banks, dispelling ...
CBN Investigator Releases List of Alleged Corrupt Activities by Emefiele
A comprehensive report detailing alleged corruption activities and misappropriations by the former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, ...
Nigeria Explores Adoption of Chinese Yuan as Reserve Currency to Counter Naira Depreciation
In response to growing concerns over the depreciation of the Naira and its broad impact on the economy, the Nigerian ...
Rising Chicken Prices in Nigeria Casts a Shadow on Traditional Christmas Feasts
As the Christmas season approaches, a growing number of families in Nigeria are considering alternatives to the traditional inclusion of ...
Manufacturers Association of Nigeria Issues Warning Amidst P&G Exit, Anticipates More Multinationals to Follow Suit
In the aftermath of renowned multinational manufacturing company Procter and Gamble's (P&G) decision to cease manufacturing activities in Nigeria, the ...
Mixed Reactions Trail CBN’s Extension of Validity for Old Naira Notes
The Central Bank of Nigeria's (CBN) recent announcement regarding the indefinite extension of the validity of the old N200, N500, ...
Naira Weakens Despite CBN’s Efforts, Closes at N996.75/$ on I&E Forex Window
On Thursday, November 9, the Nigerian Naira closed trading on the Investor & Exporter (I&E) forex window at N996.75/$, reflecting ...
CBN Launches Campaign Against Speculators, Hoarders After Naira Depreciation
The Central Bank of Nigeria (CBN) has reportedly launched a campaign to hunt down some influential Nigerians allegedly responsible for ...
Central Bank of Nigeria Instructs Branches to Provide Adequate Supply of Both Old and Redesigned Banknotes
The Central Bank of Nigeria (CBN) has issued a directive to its branches across the nation to ensure the availability ...
Presidency Assures Nigerians of Strengthening Naira Amid Speculation
The Presidency has responded to concerns and speculations regarding the value of the Naira, assuring Nigerians that President Bola Ahmed ...
IGP Sues Former Senator Andy Uba and Two Others Over Alleged ₦400 Million Fraud
The Inspector-General of Police (IGP), Kayode Egbetokun, has filed a legal suit against former Senator Andy Uba, who represented Anambra...
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