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 Nigerian Naira experienced mixed movements in the foreign exchange market as of yesterday. In the parallel market, the Naira saw a slight appreciation, rising to...
In a decisive effort to curb the unauthorized distribution of freshly minted naira notes, the Central Bank of Nigeria (CBN) has announced a penalty of N150...
It is generally said that the court of law is the last hope of the common man. This proved to be real with the very recent...
The Court of Appeal in Abuja has overturned a Federal High Court ruling that had prohibited the release of federal monthly allocations from the consolidated funds...
The Nigerian Naira weakened further in the parallel market on Thursday, dropping to N1,668 per dollar from N1,600 per dollar the previous day. In contrast, the...
The Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI) has blamed the escalating cash scarcity in Nigeria on the Central Bank of Nigeria’s...
The Human Rights Writers Association of Nigeria (HURIWA) has expressed profound concern over the country’s unrelenting cash shortage, describing it as a clear indication of a...
An Ikeja Special Offences Court has adjourned proceedings to December 12, 2024, to hear the application filed by former Central Bank of Nigeria (CBN) Governor, Godwin...
The Nigerian Naira appreciated in the parallel market, trading at N1,550 per dollar on Monday, up from N1,555 per dollar last weekend. However, in the official...
