ICPC Arrests Bank Managers For Hoarding N258m New Notes
Operatives of the Independent Corrupt Practices and Other Related Offences Commission says it has arrested the manager of Sterling Bank in Abuja. The anti-graft agency said it uncovered two hundred…
Bank Attacks Equal To Armed Robbery—Police
The Nigeria Police Force has warned that it will treat any citizen caught attacking banks in protest against cash scarcity as armed robbers. Force Spokesman Olumuyiwa Adejobi said this in…
‘I Used Abidoshaker To Bring Down Dollar’ – Prophet Odumeje
Prophet Chukwuemeka Ohanemere, popularly known as Odumeje has attributed the reduction in the dollar exchange rate to his extraordinary powers. In a video captured during one of his church services,…
Naira Appreciates to N1,500 Per Dollar at Black Market
The Naira has continued to appreciate against the dollar at the parallel foreign exchange market. On Thursday, the Naira strengthened to N1,500 against the dollar in the black market, gaining…
Naira Saga: What Supreme Court Judgment Means
The Supreme Court on Wednesday ordered a temporal suspension of the February 10 deadline for the swap of old naira notes with new ones given by the Central Bank of…
Naira Crisis: Buhari Begs Nigerians To Exercise Patience
President Muhammadu Buhari has appealed to Nigerians to remain patient amid the ongoing naira crisis. He promised that his administration would take appropriate action to mitigate the hardships occasioned by…
NNPCL Announces Move go Stabilize Naira
The Nigerian National Petroleum Company Limited (NNPCL) has announced its move stabilise Naira by boosting Nigeria's gas production. Mele Kyari, the Group Chief Executive Officer made the pledge on Thursday,…
Reason Behind Naira Scarcity— CBN
The Central Bank of Nigeria has revealed why the Nigeria currency is scarce in recent days. CBN’s Director of Consumer Protection, Mrs Rashida Mongunu made the revelation on Thursday while…
Why We Sued Buhari Over Naira Redesign— El-Rufai
Governor Nasir El-Rufai of Kaduna State has disclosed why President Muhammadu Buhari was sued by some governors of the All Progressives Congress concerning naira redesign. According to El-Rufai, the APC…
Naira Declared Best Performing Currency Globally
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has announced that the Naira has been declared the best-performing currency globally as of April 2024. Cardoso stated that…