The Naira continued its upward trend on Thursday, appreciating to N1,553.11 per dollar at the official foreign exchange market. According to figures released by the Central...
The Central Bank of Nigeria’s (CBN) recapitalisation deadline for Bureau De Change (BDC) operators officially expired on Tuesday, June 3, 2025, triggering an industry shake-up that...
The Central Bank of Nigeria (CBN) has once again held its benchmark interest rate steady, maintaining the Monetary Policy Rate (MPR) at 27.5 percent. The decision...
A witness for the Economic and Financial Crimes Commission (EFCC) has alleged that Saleh Mamman, the former Minister of Power, paid him ₦200 million for a...
Nigeria’s foreign exchange reserves have dropped by $2.2 billion as the Central Bank of Nigeria (CBN) continues its efforts to support the Naira and settle a...
A witness has told a Federal High Court in Abuja that former Anambra State Governor, Willie Obiano, allegedly used three unlicensed companies to siphon public funds...
The Central Bank of Nigeria (CBN) has introduced a temporary arrangement allowing Bureau de Change (BDC) operators to purchase up to $25,000 in foreign exchange weekly...
The Central Bank of Nigeria (CBN) has introduced updated guidelines that allow licensed Bureaux de Change (BDCs) to directly acquire foreign exchange from Authorized Dealers. This...
Operatives of the Special Investigations Team under the Force Criminal Investigations Department (FCID) Annex in Lagos State have apprehended Chinedu Ngwaka for his alleged involvement in...
The value of the naira has continued its downward trend, depreciating further in the unofficial market, trading at ₦1,705 to the dollar on Wednesday, according to...
