The Central Bank of Nigeria has denied reports claiming it plans of converting $30 billion domiciliary deposits in Nigerian commercial banks into Naira.
Punch had reported that the move was to help stabilize the national currency.
A “Presidential source” was quoted as saying the problem of forex scarcity and the naira fall was an elite issue, adding that the Federal Government would not fold its arms and continue to watch some individuals hoarding foreign currencies at the expense of the naira.
The Federal Government has reopened the Port-Harcourt-Aba railway after finishing its repairs, as part of the ongoing work on the
The Tinubu-led Federal Government has approved a salary increase for civil servants in the country, ranging from 25% to 35%
Omoyele Sowore, the Nigerian activist and politician, has accused President Bola Tinubu of causing destruction in Nigeria since he became
On Saturday, December 21, President Bola Tinubu announced the cancellation of his scheduled events in Lagos, where he was spending
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