Steady dollar supply pushes naira to 1,262/$

The naira, on Wednesday continued its gain against the United States dollars, appreciating both at the official foreign exchange and parallel markets, to the delight of many Nigerians. At the Nigerian Autonomous Foreign Exchange Market, the naira gained N16 or…

Naira appreciates to N1,382/dollar, Presidency cautions speculators

The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to desist from unpatriotic act against the national currency, saying racketeers…

Naira rebounds to N1,400/$ as speculators offload forex

The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as the Central Bank of Nigeria announced…

TSA: HoR to sanction non-compliant MDAs, summons CBN, AGF and HMoF

The House of Representatives Committee on Public Accounts (PAC) has resolved to sanction Ministries, Departments and Agencies (MDAs) that flout the TSA regulations. In a bid to uphold transparency and accountability, the Committee has summoned the Governor of the Central…

EFCC declares Emefiele’s wife, 3 others wanted

The Economic and Financial Crimes Commission has declared Margaret Emefiele, wife of a former Governor of the Central Bank of Nigeria, Godwin Emefiele, and three others, wanted for money laundering. Mrs Emefiele, Mr Eric Odoh, Anita Omoile and her husband,…

Naira rebounds as banks offload excess dollars

Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks on Thursday made frantic efforts to offload their surplus dollar stocks. It…

Breaking: EFCC re-arraigns Emefiele, ex-CBN gov pleads not guilty

A former Governor of the Central Bank of Nigeria, Godwin Emefiele, was on Friday arraigned at the Federal High Court, Maitama, Abuja on 20-count  bordering on alleged corrupt practices and forgery. Dressed in an ash coloured pair of trousers and…

Breaking: Court allows Emefiele  to travel out of Abuja

The Federal Capital Territory High Court has granted the request of a former Governor of Central Bank of Nigeria, Godwin Emefiele, to travel out of Abuja. The court, however, said Emefiele must remain in the country. In his bail terms,…

EFCC raids Dangote Group’s headquarters in Lagos

Operatives of the Economic and Financial Crimes Commission (EFCC) on Thursday reportedly raided the headquarters of the Dangote Group in connection with ongoing investigation into forex allocations in the country. It was gathered that the EFCC operatives demanded documents relating…

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