I’ll change Nigeria’s constitution, end corruption in one month as President – Amaechi
Former Minister of Transportation, Rotimi Amaechi, has declared that if Nigerians elect him as President in 2027, he will immediately work to amend the nation’s constitution. Speaking on an X space program called ‘Weekend Politics’ on Friday, Amaechi said he would also put a quick end to corruption in the country within one month or […]
Court Seals Keystone Bank In Abuja For Withholding Customers Funds
A High Court in Abuja has shut down Keystone Bank’s regional office after customers complained that the bank refused to release their money. The complaints said the bank blocked access to funds and would not allow people to make withdrawals, even when the requests were legitimate. Several customers said they had reached out to the […]
CBN clarifies Non-Resident BVN charges for Diapora Nigerians
The Central Bank of Nigeria (CBN) has addressed concerns raised about the Non-Resident Bank Verification Number (NRBVN) platform. The bank made it clear that Nigerians living in Nigeria can still register for BVN without paying any fee. There are no hidden charges for local residents. CBN’s acting director of corporate communications, Mrs. Hakama Sidi Ali, […]
Naira rises to ₦1,620/$ in Parallel market
The value of the naira fell to ₦1,620 for every US dollar in the parallel market at the close of business on Tuesday, June 3. This is a drop from ₦1,610 per dollar recorded the day before, on Monday. However, the naira gained a little strength in the official Nigerian Foreign Exchange Market (NFEM). It […]
Naira bounces back, appreciates against dollar at foreign exchange market
The Nigerian currency, naira, saw a positive turn as it gained value against the US dollar in the official foreign exchange market on Thursday. According to the Central Bank of Nigeria, the naira’s exchange rate improved to N1586.15 per dollar on Thursday, compared to N1590.74 recorded on Wednesday. This means the naira went up by […]
EFCC investigator alleges Emefiele received $17.1m cash through proxy in three years
An investigator from the Economic and Financial Crimes Commission (EFCC) has said that the former Governor of the Central Bank of Nigeria, Godwin Emefiele, received $17.1 million in cash through someone else over three years. The EFCC officer, Alvan Gurumnaan, told the court on Tuesday that the money was given between 2020 and 2023. The […]
Naira records highest depreciation against dollar at official market
The Naira saw a significant drop against the dollar in the official foreign exchange market on Friday, closing the week on a negative note. According to data from the Central Bank of Nigeria, the Naira fell to N1,602.18 per dollar on Friday, down from N1,596.68 on Thursday. This shows a daily decline of N5.492, marking […]
Court remands singer Terry Apala for alleged Naira mutilation in Lagos
Popular Nigerian singer, Terry Apala, has been sent to a Correctional Centre by a Lagos court for allegedly damaging Naira notes during a party. The Federal High Court in Ikoyi, Lagos, made the decision on Friday, April 25, 2025. Terry Apala, whose real name is Terry Alexander Ejeh, was charged by the Economic and Financial […]
Exchange Rate Ends 2024 At ₦1,535/$1, Marking A 40.9% Depreciation
The Nigerian naira faced a challenging year in 2024, ending at ₦1,535/$1 against the US dollar. This marked a significant 40.9% depreciation from the previous year’s rate of ₦907.11/$1. Despite various reforms and policies by the Central Bank of Nigeria (CBN), the currency struggled to maintain stability. On the parallel market, where exchange rates are […]
Not probing past military spending means rewarding corruption – Sani blasts Tinubu
Shehu Sani, a former lawmaker from Kaduna Central Senatorial District, has strongly criticized President Bola Tinubu for his decision not to investigate military spending during former President Muhammadu Buhari’s administration. Speaking on Channels Television’s Politics Today program, Sani expressed his disappointment with Tinubu’s statement that he wasn’t interested in looking into military expenditures under Buhari. […]