Operatives of the Economic and Financial Crimes Commission raided the offices of black market currency dealers in Abuja on Tuesday in a bid to halt the rapid fall of the naira. Premium…
Category: Business
Dollar Scarcity Hits BDCs, Sells At N818/$
The naira fell to N818/$1 at the parallel market on Monday in Abuja and N815 in Lagos state as it continued to lose its value. Investigations revealed that the naira is currently…
N5000 note still in plan, ex-CBN governor Sanusi reveals
Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has stated that the apex bank has not scrapped the plans to introduce the N5000 note. The N5000 note was…
Naira drops to N800 per dollar
Under President Muhammadu Buhari’s administration, the naira has plunged to yet another all-time low, trading at 800 to the dollar at Aboki Forex, a secondary exchange site. According to reports on Saturday,…
CBN reveals how N58.61bn was spent to print N2.51bn notes in a year
The Central Bank of Nigeria is responsible for issuance of the legal tender currency, in line with its mandate as enshrined in section 2(b) of the CBN Act 2007. CBN approved an…
Emefiele responds after Finance Minister claims FG not aware of Naira redesign
A few days after the Governor of Central Bank, Godwin Emefiele, unveiled plans to redesign the Naira and begin circulation by December 15, 2022, the Finance Minister disagreed with the move. Vanguard…
Govt moves to ban Sun exposed bottle drinks
The Lagos State Government says plans are underway to ban the sale of plastic bottled drinks exposed to the sunlight. The General Manager, Consumer Protection Agency (LASCOPA), Mr Afolabi Solebo made this known in…
Green Lotto Firm responds to claims of not paying N72.7M winner
There is a new twist between Green lotto and one of its customers, Sunday Nwachukwu, who won the N72.7 million jackpot after playing one of its games. Green Lotto was dragged before…
EUC Homes CEO, Chief Uche Ben. Odunzeh marks birthday in grand style
Today marks a special day for a business expert, the Managing Director and Chief. Executive Officer of, EUC Homes Nigeria Limited, Chief. Uche Ben. Odunzeh. The CEO of EUC Homes Nigeria Limited…
All set for Kaduna refinery as South Korean firm set to begin work
The Nigerian government has made a deal with South Korea. Business Insider reports that a spokesperson for the Nigeria National Petroleum Company Limited (NNPC) stated on Thursday, October 27, 2022, that the…