EFCC stops dollar transactions, asks embassies to charge in naira
The Economic and Financial Crimes Commission has read the Riot Act to foreign missions based in Nigeria, banning them from…
Senate plans action on naira
The Senate Committee on Finance has expressed worry over, “the instability and continuous depreciation of the naira.” In a statement…
Those who want Naira to be N400 to Dollar are living in dream world—says Moghalu
A former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu, has said that those who want the Naira…
Buy made-in-Nigeria goods to strengthen Naira, Presidency tells Nigerians
The call comes on the back of the fast-paced depreciation of the naira and the rising cost of living. The…
Just In: Senate summons CBN gov on state of economy, naira free fall
Abuja—The Senate, on Wednesday, through its Committee on Banking, Insurance and other Financial Institutions, summoned the Governor of Central Bank…
CBN to freeze bank accounts without BVN, NIN from April 2024
Abuja—The Central Bank of Nigeria (CBN) says it will freeze accounts without a Bank Verification Number (BVN) or National Identification…
Supreme Court approves indefinite use of old, new banknotes
Abuja—The Supreme Court has ruled that both the old and the redesigned Naira banknotes remain valid legal tenders in the…
Forex crisis: CBN likely to flood market with dollar
Abuja—The Central Bank of Nigeria (CBN) has concluded plans to stem the continuous slide of the naira against the dollar,…
CBN grants banks freedom to trade forex at any rate
Abuja—The Central Bank of Nigeria (CBN) has authorised commercial banks to freely trade foreign exchange at any rate. The authorisation…
Allow old, new naira notes coexist, APC governors beg Buhari
Abuja—Governors elected on the platform of the All Progressives Congress (APC) have appealed to President Muhammadu Buhari to allow the…
Man escapes being lynched in Rivers market over suspected fake N1000 notes
Port Harcourt—Traders at the Mile 3 Market Diobu, Port Harcourt, Rivers State have apprehended a man whose identity is yet-to-be…
ATMs: CBN threatens to sanction banks dispensing old naira notes
Lagos—The Director of the Legal Services Department of the Central Bank of Nigeria, Mr. Kofo Salam-Alada, has said the agency…
