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%
A tragic road accident in Akwa Ibom State, Nigeria, has left three people dead, including a lawyer. The incident happened
Caring for a loved one can teach us powerful lessons, as BBNaija star Uriel Oputa recently shared. Uriel has opened
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