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VP Osinbajo “absolutely correct” on artificially low forex rate – Bismarck...

Renowned Nigerian economist, Bismarck Rewane, says Vice President Yemi Osinbajo was “absolutely correct” on his comments that Nigeria has an artificially low foreign exchange...

Why Osinbajo advocates forex policy that curbs arbitrage & corruption, offering...

Vice President, Yemi Osinbajo has called for an improvement in forex policies of the Central Bank of Nigeria (CBN). Contrary to false reports that the...

EFCC declares 24-year-old man wanted over N935m ponzi scheme

The Economic and Financial Crimes Commission, EFCC has declared Adewale Daniel Jayeoba, wanted. The anti-graft agency alleged that the 24-year-old man is wanted for defrauding...

EFCC cautions banks against forex malpractices

The Commander of the Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC, ACE-1 Nwanneka Nwokike has warned bank officials against providing...

Money Laundering: CBN bans sales of forex to BDCs

The Central Bank of Nigeria says it stopped the sales of forex to Bureau De Change (BDC) operators, stressing that, the parallel market has...

EFCC docks man for alleged N17.4m, $6,300 fraud

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, on Monday, March 22, 2021, arraigned one Nanpan Salihu Yaniyang before Justice O.O. Abike-Fadipe...

CBN ‘Naira 4 Dollar’: Beneficiaries to receive N5 for every $1

The Central Bank of Nigeria (CBN) has introduced a ‘Naira 4 Dollar Scheme’ for diaspora remittances, which offers recipients of diaspora remittances through CBN’s...

Naira exchanges at N450 to dollar

The naira on Thursday exchanged at N450 to  dollar at the parallel market as build up on dollar demand continued to rise. The naira is...

Buhari explains why he stopped forex for food import

President Muhammadu Buhari says the directive to the Central Bank of Nigeria to stop providing foreign exchange for food importation was to improve agricultural

CBN injects $210m into forex market

The CBN has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30.

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