Garba Shehu to PDP: ‘Apologise within 72 hours or face lawsuit’

The Senior Special Assistant on Media and Publicity to President Muhammadu Buhari, Garba Shehu, has threatened to file a lawsuit against the Peoples Democratic Party for falsely accusing him of illegal trading in foreign exchange. The presidential spokesman gave the PDP 72 hours to apologise and withdraw the false accusation or be dragged to court.... Read More

The News Blog

Forex, Garba Shehu, PDP

March 28, 2016

2,000 Nigerian workers to get sacked over government’s forex policy

Foreign airlines are reportedly planning to sack about two thousand Nigerian workers, owing to their inability to transfer money to their home countries to meet operational costs because of the Central Bank of Nigeria’s policy on forex and fund transfer. The National Union of Air Transport Employees (NUATE) revealed on Sunday, that the foreign airlines... Read More

Featured

000, 2, Foreign airlines, Forex, nigerians, sack

March 26, 2016

Joachim McEbong: Blame Buhari’s bad forex policy for PDP’s accusations

A few hours ago, the @PdpNigeria Twitter handle began to tweet accusations that the Interior Minister, Abdulrahman Dambazzau, the First Lady, Aisha Buhari, the Chief of Staff, Abba Kyari and the Senior Special Assistant on Media and Publicity to the President, Garba Shehu, had engaged in currency round-tripping. What this means is that they collected... Read More

Featured

Buhari, Forex, Garba Shehu, PDP

March 26, 2016

Garba Shehu blasts ‘psychopath’ behind PDP’s Twitter account

Senior Special Assistant to the President on Media & Publicity, Garba Shehu has threatened to sue the ‘psychopath and coward’ behind the Twitter account of the Peoples Democratic Party. The presidential spokesperson was on Friday, accused of getting $800,000 forex at the rate of N185 from the Central Bank of Nigeria on the instructions of... Read More

Featured, The News Blog

Forex, Garba Shehu, PDP, twitter.

March 13, 2016

Opinion: 8 times President Buhari messed up

A lot of us had at least one people’s ‘Bros’ around us while growing up.If he wasn’t family, then he was a neighbour or family friend. ‘Bros’ always greeted everyone with a smile and parted with the words-‘bless you’. Every child was either his ‘main man’ or his ‘wife’. One thing he had going for... Read More

Buhari, errors, Forex, gaffe, opinion

March 7, 2016

Ben Bruce points out the hypocrisy in denying forex to Nigerian students abroad

Senator Ben Murray-Bruce has criticised President Muhammadu Buhari’s decision to deny forex access to Nigerians studying abroad. President Buhari made the statement during an interview he had with Al Jazeera while on a trip to the Middle East. When asked by his interviewer if his government would allow Nigerian students abroad have access to forex,... Read More

The News Blog

Ben Murray Bruce, Buhari, education, Forex, student abroad

March 1, 2016

‘Naira, IGR’ | I have the master plan, and no one has approached me – Ifeanyi Ubah

Chairman, Capital Oil and Gas Limited, Ifeanyi Ubah, who says he has the master plan to bring the naira back to about N200 to a dollar in the space of a month, now says he has designed a template to help boost Nigeria’s Internally Generated Revenue (IGR) by 30 per cent. Ubah, who disclosed this in... Read More

The News Blog

dollar, economy, Forex, Ifeanyi Ubah, nigeria

February 28, 2016

Oby Ezekwesili: Mr President, ideologies don’t deliver results for the poor

In this first of a three-part article, my aim is to get President Muhammadu Buhari to reevaluate his obvious discomfort with the workings of a market economy and change; so that he can effectively lead the CHANGE agenda that he promised Nigerians. The engine of wealth creation and poverty reduction is the private sector when... Read More

Featured

devaluation, economy, Forex, market, naira, nigeria, Obiageli Ezekwesili

February 24, 2016

IMF to Buhari: ‘Remove restriction on access to forex’

The International Monetary Fund (IMF) has urged President Muhammadu Buhari to remove the restrictions around Nigeria’s foreign exchange policy. The Fund advised that Nigeria’s exchange rate should be allowed ‘to reflect market forces more’ while also advising that the federal government should focus on improving the ‘functioning of the interbank foreign exchange market’. Nigeria’s growth... Read More

The News Blog

Forex, forex policy, IMF, naira, nigeria, president buhari

February 20, 2016

Opinion: What investors should do in this period of high volatility, falling naira and no forex

The National Bureau of Statistics recently released the inflation data for January 2016, and contrary to expectations from analysts, it stayed flat at 9.6%. The 9.6% recorded is well above the maximum threshold of 9.0% set by the Central Bank of Nigeria, and it represents the country’s highest inflation figure in 36 months. The Increasing... Read More

economy, Forex, naira, nigeria

February 19, 2016

Abdulsamad Rabiu: Fixing the Nigerian economy… beyond forex or naira devaluation

The Nigerian Dream, if there ever were such a notion, is facing its greatest challenge in recent times. With a less than one year old government in place with an enormous task to ensure a fair economic and social justice system which caters to all and a more equitable distribution of wealth and resources whilst... Read More

Abdulsamad Rabiu, devaluation, economy, Forex, naira

February 19, 2016

‘There’s no ban on forex for school fees, medical bills’ – CBN

The Central Bank of Nigeria has stated that, at the moment, there is no ban on the allocation of foreign exchange for the payment of medical bills abroad and school fees. The disclosure was made on Friday, by the Director, Corporate Communications of the CBN, Alh Muazu Ibrahim. According to Ibrahim, the CBN was compelled... Read More

The News Blog

CBN, Forex, medical bills, school fees

February 6, 2016

‘No going back on CBN forex policy’ – Saraki

Senate President, Bukola Saraki has reaffirmed the senate’s support for the policy of the Central Bank of Nigeria, CBN to exclude some imported goods and services from the list of items approved for forex in the Nigerian Foreign Exchange Market. The Tomato Sub-Sectoral Group of the Manufacturers Association of Nigeria had sought Saraki’s help in... Read More

The News Blog

central bank, Forex, senate

January 12, 2016

Bayo Oluwasanmi: Okey Ndibe’s false bias, Buhari’s corruption war and the unknown Nnamdi Kanu

“So, the fight is on two levels: one, directly against corruption and the second is that you are going to prepare for a counter attack. That is where we are at the moment and there is no retreat.” – Wole Soyinka It was one of those articles that at once makes President Muhammadu Buhari so... Read More

Emefiele, Forex, IMF, Saraki

December 20, 2013

Olawale Joseph Aderibigbe The FOREX Con Man Behind The Ife Ojikutu a.k.a @RoyalAmebo Twitter Scams

She died and virtually everyone who knew her was in pains. I knew her pretty well and had taken to her. She was a huge source of encouragement and inspiration. After her generous offer of wanting to help me watch football via Skype with her, which I later turned down because she said she didn’t... Read More

Con man, Forex, Governor Oshiomhole, Olawale Joseph Aderibigbe, Skype

April 1, 2012

Ugodre Talks Figures: How to avoid taxes in Nigeria

by Ugodre You know what they say; tax is the only constant thing in life along with rain. The Nigerian tax law provides several means by which one can avoid paying tax. This is not to be confused with tax evasion, which is considered illegal in Nigeria. Tax evasion refers to a deliberate act on... Read More

asset, Business, capital, export, Forex, investment, Tax

March 28, 2012

$37.5 billion: Nigeria’s foreign reserves rise by 7 percent

by Lekan Olanrewaju According to information on the CBN website, Nigeria’s foreign exchange reserves have risen by seven percent to $37.534 billion. The bank has stated that one of its key aims is to shore up reserves to protect against shocks. The figure is up from $34.9 billion on March 19 and from $34.8 billion last... Read More

CBN, Foreign Reserves, Forex

Garba Shehu to PDP: ‘Apologise within 72 hours or face lawsuit’

2,000 Nigerian workers to get sacked over government’s forex policy

Joachim McEbong: Blame Buhari’s bad forex policy for PDP’s accusations

Garba Shehu blasts ‘psychopath’ behind PDP’s Twitter account

Opinion: 8 times President Buhari messed up

Ben Bruce points out the hypocrisy in denying forex to Nigerian students abroad

‘Naira, IGR’ | I have the master plan, and no one has approached me – Ifeanyi Ubah

Oby Ezekwesili: Mr President, ideologies don’t deliver results for the poor

IMF to Buhari: ‘Remove restriction on access to forex’

Opinion: What investors should do in this period of high volatility, falling naira and no forex

Abdulsamad Rabiu: Fixing the Nigerian economy… beyond forex or naira devaluation

‘There’s no ban on forex for school fees, medical bills’ – CBN

‘No going back on CBN forex policy’ – Saraki

Bayo Oluwasanmi: Okey Ndibe’s false bias, Buhari’s corruption war and the unknown Nnamdi Kanu

Olawale Joseph Aderibigbe The FOREX Con Man Behind The Ife Ojikutu a.k.a @RoyalAmebo Twitter Scams

Ugodre Talks Figures: How to avoid taxes in Nigeria

$37.5 billion: Nigeria’s foreign reserves rise by 7 percent

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