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Barely 24 hours after it increased the Customs exchange rate to N1, 356.883 per dollar on Friday, the Central Bank of Nigeria, CBN, has Saturday morning once again jerked up the rate to N1, 413.62. The new rate has since been reflected on the Customs trade portal. The increase was vehemently opposed by importers and Customs
You know, it’s really baffling that after the sacrilegious and shambolic General Elections conducted by Mahmood Yakubu, Nigerians are not calling for his sack. How on earth can Mahmood Yakubu still siting up there as the head of INEC? Today is another testament that INEC May need to be scraped entirely in Nigeria and maybe
Peter Obi is teaching Tinubu how to be presidential. He’ll force Bola to come out of his hiding place, & act presidential for once. His recent condolence visits to comfort the Nabeeha Al-Kadriyar Family & the people of Plateau state, drove the Agbados mad. The Ronus’ are crying like spoiled children whose toys were taken
The Central Bank of Nigeria (CBN) has announced an end to the daily Cash Reserve Ratio debits for commercial banks in the country. The apex bank says it will adopting an updated Cash Reserve Requirement mechanism for Nigerian banks. This was contained in a circular titled ‘Cash Reserve Requirement Framework Implementation Guidelines’ signed by its Acting
His Excellency, Peter Obi who earlier traveled to the AFCON competition ongoing in Cote’d’Ivoire alongside Valentine Ozigbo made majority of Nigerians so happy, especially the Obidients upon sighting him at the stadium 🏟. Permit me to say that Football is the only Unifying factor in Nigeria currently. The moment no one cares where Ademola Lookman is
Mr Peter Obi, the presidential candidate of the Labour Party in the last election, has arrived Cote d’Ivoire to support the Super Eagles in today’s quarter-final match against Angola in the ongoing Africa Cup of Nations (AFCON). A chieftain of the Labour Party, Mr Valentine Ozigbo, disclosed in a post on his official Facebook page.
Disappointment has continued among students and parents over the delayed launch of the student loan scheme, despite assurance from the federal government that it will commence disbursement of the education loans in January 2024. The student loan, which was anticipated as a new chapter in accessible education by indigent students, has been overshadowed by persistent
Bureau de Change Operators, under the Association of Bureau de Change Operators of Nigeria have shutdown operations over the surge in the price of the dollar. Members under the Abuja Bureau de Change Association who operate in Zone, 4, a hub for black market foreign exchange have also shutdown operations Major areas for sourcing foreign
A Director of the Federal Housing Authority (FHA), identified as Aondo Ver, has been kidnapped from his home by gunmen suspected to be bandits. The incident happened around 12.30 am on Thursday about 200 metres close to a military base in Pambara in the Bwari Area Council of Abuja. It was also learned that the
The Central Bank of Nigeria (CBN) has issued a new circular that removes the previous cap on exchange rates quoted by International Money Transfer Operators (IMTOs). This follows a circular issued by the central bank addressing suspected cases of excessive foreign currency speculation and hoarding from Nigerian banks. The circular titled Removal of Allowable Limit of Exchange