dollars

Top 5 Stories Of The Day | NDLEA, Education Ministry to Begin Drug Tests for Tertiary Students

Top 5 Stories Of The Day | NDLEA, Education Ministry to Begin Drug Tests for Tertiary Students

Across Nigeria’s 36 states and the Federal Capital Territory, these are the top five Nigerian news stories you shouldn’t miss. NDLEA, Education Ministry to begin drug tests for tertiary students The National Drug Law Enforcement Agency (NDLEA) and the Ministry of Education have formed a technical working group to implement compulsory drug tests for students... Read More

dollars, economy, Governor Fintiri, information, naira, NDLEA, News, peter obi, policies, Top 5 stories of the day

World Bank and AfDB Set to Invest $7.5 Billion in Nigeria’s Power Sector

Top 5 Stories Of The Day | World Bank and AfDB Set to Invest $7.5 Billion in Nigeria’s Power Sector

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss. World Bank and AfDB set to invest $7.5 billion in Nigeria’s power sector The Minister of Power, Adebayo Adelabu, has revealed that the World Bank and the African Development Bank (AfDB) will be investing a... Read More

AfDB, dollars, Electricity, Euros, foreign exchange, information, naira, News, nlc, Politics, pounds, Top 5 stories of the day

CBN

November 1, 2023

The CBN clears the air on the redenomination of Naira notes; Naira depreciates to ₦1,185 at the black market | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss. Lagos State government signs off on $1.35 billion for construction of 4th Mainland Bridge The Lagos State government has signed a collaboration with the African Export-Import Bank (Afreximbank) and Access Bank for an investment worth... Read More

CBN, dollars, Fourth Mainland Bridge, naira, Rivers State Governor, seyi tinubu, Tinubu

Naira and dollar

October 31, 2023

Rivers State House of Assembly Moves to Impeach Governor Fubara; Naira appreciates against the US Dollar and trades for ₦993/$ | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss. Drama ensues in Rivers State as House of Assembly moves to impeach Governor Fubara The Rivers State House of Assembly is against Governor Siminalayi Fubara as it moves to impeach the governor. The battle began... Read More

5 Things that Should Matter Today, dollars, fec, House of Assembly, naira, Nigerian politics, Political news, Rivers State, Siminalayi Fubara

September 8, 2022

Police officers protest non-payment of salaries; Naira hits new low against dollar | 5 Things That Should Matter Today

Police officers protest non-payment of salaries FG to penalise airlines selling tickets in dollars Gunmen kidnap Plateau council boss Naira hits new low against dollar Four women, seven-month-old baby die in another Jigawa boat accident Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn‘t miss: FG... Read More

airline tickets, Boat accident, dollars, FG, gunmen, Jigawa State, naira, Osun State, Plateau council boss, police officers, Protests, salaries

We are not selling forex to anyone at N200 | CBN replies Senate

The Central Bank of Nigeria on Friday dismissed claims by the Senate that it is selling dollars to some businesses at an unofficial rate of N200. The Senate on Wednesday had asked the Federal Government to direct the CBN to supply dollars at N200 to intending pilgrims. This followed a motion by the former governor... Read More

CBN, dollars, Forex, pilgrims, senate

How he hijacked a bullion van and everything else we know about billionaire kidnapper, Evans

It’s important to clarify from the start that we’ll never really know everything about this man or the case of this man who has been accused of serial kidnapping. Since his widely publicized arrest by the Nigerian police last weekend, Evans the billionaire kidnapper has been a bottomless well of information for news sites across... Read More

Thinking Through

arrest, billionaire, dollars, evans, guns, kidnapper, police, ransom

Ivanka Trump on heat over Chinese Factories paying $1 an hour

by Itunuoluwa Adebo First Daughter Ivanka Trump’s apparel brand is being criticized by a labor-rights group for working with Chinese factories that forces some of its employees to work long shifts for a dollar an hour. China Labor Watch, an non-profit organization claims it investigated two of the Chinese factories Ivanka’s goods are produced from.... Read More

China, chinese, dollars, employees, factories, ivanka, Labor watch, Production, trump

We have enough forex for end users, bank customers – CBN

The Bankers Committee of the Central Bank on Thursday declared that there was adequate stock of foreign exchange to sustain the spate of dollar sales to various segments of forex market. The apex bank said it has enough to meet demanded of all genuine bank customers in the country. The Director, Banking Supervision, CBN, Ahmed... Read More

bank customers, CBN, dollars, end users, foreign exchange

CBN pumps fresh $195m into foreign exchange market

by Azeez Adeniyi The Central Bank of Nigeria on Tuesday released fresh $195m into the foreign exchange market. This was confirmed in a statement signed by the Acting Director of Corporate Communications Department, Isaac Okoroafor. Okoroafor in the statement said the intervention of $195m is made up of $150m for the wholesale auction and $45m... Read More

$195m, CBN, dollars, foreign exchange, Forex market, naira

House of Reps to probe foreign schools collecting fees in dollars

by Azeez Adeniyi The House of Representatives on Tuesday took the decision to probe foreign schools in Nigeria collecting fees in foreign currency. The motion was filed by Rep. Emmanuel Agboola (Ekiti-PDP) and 14 others. Agboola said the Central Bank of Nigeria had on April 2015 issued a circular on “Currency Substitution and Dollarization of... Read More

dollars, fees, foreign schools, House of zlRepresentatives, PROBE

Forex: CBN to inject additional $350m into interbank market

by Dolapo Adelana In continuation of its strategy to strengthen the naira against the dollar and other foreign currencies, the Central Bank of Nigeria is set to pump into more American dollars into the foreign exchange market, The Punch reports. A source at the apex bank, who spoke on the condition of anonymity said the CBN... Read More

CBN, dollars, Forex, Godwin Emefiele

December 5, 2016

We do not allocate dollars, CBN replies Sanusi

The Central Bank of Nigeria (CBN) has said it is not allocating the US Dollars but has rather set up an interbank foreign exchange market for anyone interested in buying the currency. Acting Director, Corporate Communications, CBN, Mr. Isaac Okorafor, said this in a statement on Sunday. Emir of Kano, Sanusi Muhammad II, had on... Read More

CBN, central bank of Nigeria, dollars

November 22, 2016

CBN not in support of jailing hoarders of dollars – Emefiele

The Central Bank of Nigeria (CBN) says it is not in support of plans by the federal government to jail Nigerians hoarding dollars. Governor of the apex bank, Godwin Emefiele stated this at a press briefing in Abuja on Tuesday, saying he was notaware of the government’s plans. He said, “Let me respond to issues... Read More

CBN, dollars, FG, Forex, hoarders, jail

September 27, 2016

Manasseh Egedegbe: A word about Bitcoin

I don’t know anyone I could stay with in London. It is an expensive city, and no one goes about staying in houses with extra rooms. It will even be rude to call them up late in the middle of the night that I was coming to bunk with them the following day. Not in... Read More

bitcoin, Black market, block chain, dollars, economy, naira

September 13, 2016

Opinion: Can Nigeria actually spend her way out of this recession?

by Olamide Eyinla It is no longer news that Nigeria’s economy has slid into a recession. By definition, recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. What this means is that either aspects or all sectors of... Read More

dollars, economy, FG, Forex, inflation, recession, supply, Tax

August 25, 2016

#30Days30Voices: Should government subsidize forex for pilgrims? (WATCH)

A few weeks ago, the Central bank of Nigeria (CBN) released a new foreign exchange policy that Nigerians on social media found unfavourable – or outrightly harebrained. According to the policy, Hajj pilgrims will be able to buy the dollar at a subsidized rate of N197 despite the fact that the US currency sells for... Read More

#30days30voices, dollars, hajj, pilgrims, YNaija TV

Nigerian Stock Market: Investors lose ‘N46bn in a few hours’

The ripple effects of the new foreign exchange regime started by the Central Bank of Nigeria (CBN) today has already spread to the Nigerian Stock Exchange (NSE) market. Stocks have taken a slump following the uncertainties surrounding the true position of the naira against other currencies in the Nigerian interbank market. Following the announcement of the... Read More

dollars, economy, money, naira, nigeria, Nse, stock

Naira gains beyond expectations in parallel market

The new foreign exchange regime announced by the Central Bank of Nigeria (CBN) appears to be effecting positive reactions on the parallel markets in respect to the naira. The naira bounced back from N355 on Friday to N330 to a dollar by 9am on Monday in the parallel market even as the new forex regime fully... Read More

central bank of Nigeria, dollars, euro, foreign exchange, naira, pounds

Opinion: FG’s tubers of yam and 4 other things

By Simon Kolawole The naira has just been effectively devalued — so why are some people jubilating? The way economists, financial experts, bankers and analysts were celebrating on Wednesday would make you think crude oil price had just hit $120 per barrel and Nigeria’s production level has risen to 2.5mbpd. But no. The CBN had... Read More

Buhari, CBN, dollars, economy, Emefiele, money, naira, simon kolawole

Senate wants Adeosun and Emefiele to explain why the economy is in a mess

The Senate has requested the presence of the Minister of Finance, Kemi Adeosun and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele before it to explain the current state of the country’s economy to the senators. The Senate today discussed the current state of the country’s economy after the Chairman, Senate Committee... Read More

adeosun, CBN, dollars, economy, Finance, Forex, naira, recession, Saraki, senate, senators

CBN bows to pressure, adopts flexible foreign exchange

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has asked the number one bank of the nation to commence the adoption of a flexible exchange rate policy. After the MPC meeting at the Bank’s headquarters in Abuja, while addressing journalists today, the CBN Governor, Godwin Emefiele disclosed that with the new directive,... Read More

America, CBN, China, dollars, Emefiele, foreign exchange, naira, Yuan

Nigeria to overcome fuel scarcity as marketers get access to forex

It appears that a temporary end to the continued scarcity of petrol across the nation is around the corner. The Independent Petroleum Marketers Association of Nigeria, has declared that access to foreign exchange has been granted for the importation of petroleum products. With the access, it relatively means that the marketers would be able to... Read More

dollars, Forex, Fuel, Marketers, naira, Petroleum, scarcity, Work

Osinbajo, Buhari’s travel plans clash; costs Nigeria $250,000

In this harsh economic climate, Nigeria has reportedly lost about $250,000 due to the last minute cancellation of Vice President Yemi Osinbajo’s proposed trip to India because of the incompetence of the Protocol Department of the Presidency. Osinbajo had to cancel his trip to India, because the President, Muhammadu Buhari would also jet out of the country... Read More

Buhari, dollars, India, money, Osinbajo, state visit

October 10, 2015

How passenger was nabbed with $34,000 in Lagos airport

A passenger, Ozoh Ikenna was arrested by the National Drug Law Enforcement Agency (NDLEA) at the Murtala Muhammed International Airport (MMIA)Lagos for trying to smuggle 23 wraps containing $34,000 to Brazil. The dollars were detected during screening of Etihad Airways passengers on a flight to Abu Dhabi on Friday. The money was packed in wraps similar... Read More

brazil, dollars, Drug, money laundering

September 5, 2015

Room full of dollars, arms stockpile purportedly found by SSS in Akwa Ibom govt house

Following the invasion of Akwa Ibom government house, by operatives of the State Security Service, it’s been reported that stockpiles of arms and ammunition and a room full of dollars were supposedly discovered. The operation was jointly carried out by operatives from the SSS headquarters in Abuja and as well as from the Akwa Ibom State... Read More

Akwa Ibom, arms stockpile, dollars, Emmanuel Udom, Godswill Akpabio, govt house, sss

GEJ’s dollars create confusion in Osun between monarchs and subjects

by Kolapo Olapoju The dollars allegedly shared by President Goodluck Jonathan, during his trip to Osun state, is causing acrimony and distrust between the monarchs in the state and their subjects. According to the Osun state traditional rulers, their subjects are daily making demands for their share of the President’s dollars. The monarchs lamented this... Read More

dollars, monarchs, Osun State, President Goodluck Jonathan, traditional ruler, traditional ruler drowns

Who collected GEJ’s dollars, if Arewa leaders say they rejected it?

by Damilola Jagun Arewa leaders say they refused hundreds of thousands of dollars that President Goodluck Jonathan offered to them when he visited Lagos state two weeks ago. While receiving Kano State Governor, Dr. Rabiu Kwankwaso, in Lagos on Sunday, hundreds of Arewa leaders said they turned down the President’s largesse. The leaders, who were... Read More

Arewa leaders, dollars, lagos, President Goodluck Jonathan

February 27, 2015

While you’re still waiting for pay day, Skuki’s busy showing off wads of dollar bills (LOOK)

by Chinwe Okafor Not fair is it? Well, the Skuki brothers cashed out before the month ended and they took it as their duty to let us know that their handwork is yielding results. The singers, Peeshaun and Vavavoom, took to their Instagram page to flaunt their dollars and they captioned the picture saying, “Aye... Read More

dollars, flaunt, money, Peeshaun, skuki, vavavoom

November 28, 2014

@Tundeleye: Austerity, Wonderbags, magic stoves, and both sides of the mouth

by Tunde Leye On Thursday 20th, I heard over the news that because of the slide in oil price, we should be prepared for austerity measures. Over the weekend, I tracked as the CBN complained about the heavy dollar demand due to massive foreign investor selloff of Nigerian stocks was causing the Naira to weaken... Read More

austerity, dollars, Federal Government, opinion, stoves, Tunde Leye, Wonderbags, ynaija

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