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

YNaija July 23, 2024

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

Lagos State government signs off on $1.35 billion for construction of 4th Mainland Bridge Rivers State saga continues as PDP Governors meet to discuss Fubara's impeachment, Tinubu joins in The…

YNaija 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

Drama ensues in Rivers State as House of Assembly moves to impeach Governor Fubara The naira appreciates against the US Dollar and trades for ₦993/$ FEC endorses ₦2.17 trillion for…

YNaija 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 salariesFG to penalise airlines selling tickets in dollarsGunmen kidnap Plateau council bossNaira hits new low against dollarFour women, seven-month-old baby die in another Jigawa boat…

Azeez July 22, 2017

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…

Tolu June 17, 2017

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…

Itunuoluwa May 19, 2017

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…

Azeez April 28, 2017

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…

Azeez March 14, 2017

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…

Azeez March 14, 2017

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…

Oludolapo Adelana March 4, 2017

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…

Azeez 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…

Oludolapo Adelana 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…

Op-ed Editor 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…

Mazi Emeka 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…

Oreoluwa Peters 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…

Adebayo Emuleomo June 20, 2016

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…

Adebayo Emuleomo June 20, 2016

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…

Op-Ed Editor June 20, 2016

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…

Adebayo Emuleomo May 25, 2016

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…

Adebayo Emuleomo May 24, 2016

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.…

Adebayo Emuleomo May 4, 2016

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…

Adebayo Emuleomo March 13, 2016

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…

Janeth J 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. …

Kolapo Olapoju 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…

Kolapo Olapoju March 25, 2015

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…

Kolapo Olapoju March 16, 2015

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…

Ada Igboanugo 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…

Op-Ed Editor 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…

Op-Ed Editor September 20, 2014

@DeleMomodu : Please, leave President Jonathan alone!

by Dele Momodu Fellow Nigerians, this is a very difficult moment in our country. It is also a confusing period for many of us. The only way to make sense…

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