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
Nigerians set aside February to “Curse” those Who Sold Out Nigeria
25th of February 2023 and most painfully, Sunday, March 1st, 2023 would forever remain the darkest day of many Nigerians of our generation. It was the day Festus Okoye & Mahmood Yakubu deceived Millions of Nigerians (video) and threw their hopes of a New Nation under the bus by 4am. Whilst Nigerians were sleeping, they
The Day Nigeria Killed The Nigerian In Me – Concerned Nigerian
Most people have reaffirmed that Nigeria is a typical crime scene where anything goes… 2023 elections in Nigeria would go down the line as the worst thing to happen to Nigeria and Nigerians…. Below is a lone story of a Nigerian regarding the Nightmare of MARCH 1,2023 Pronouncement of Mahmood Yakubu. 2023 ELECTIONS: THE DAY NIGERIA
Breaking: January salaries of FG civil servants to be ‘delayed beyond normal’
The management of National Mathematical Center, Abuja on Wednesday announced that the payment of salaries to Federal Government Civil servants will be delayed beyond normal. The center in a memo signed by its acting bursar, Pius Ukwah attributed the delay to the Office of the Accountant General of the Federation (AGF). According to the memo, the
EFCC have their hands tied by unknown forces
“We traced over N7 billion in the bank account of the leaders of a particular religious body. We wrote a letter to that religious sect. But the next thing we saw was a Restraining Order stopping us from recovering the money..” — Ola Olukoyede (EFCC Chairman). The above statement was attributed to the EFCC chairman
Femi Otedola appointed as new chairman of FBN Holdings
FBN Holdings Plc, a leading financial institution in Nigeria, has announced the appointment of Mr. Olufemi Peter Otedola, CON, as its new Chairman of the Board of Directors. This appointment, effective January 31, 2024, follows a recent meeting of the board where Mr. Otedola succeeds Alhaji Ahmad Abdullahi. Mr. Otedola, a renowned business mogul with
Court Orders Arrest Of Fubara’s CoS, Five Others
Justice Emeka Nwite of the Federal High Court Abuja has issued a warrant for the arrest of Edison Ehie, the Chief of Staff to Rivers State Governor, Siminalayi Fubara, over his alleged involvement in the burning of the State House of Assembly. Ehie, who is the immediate past Speaker of Rivers State House of Assembly,
BREAKING : Nigerian Naira Under Intensive Care Unit (ICU) as Value Falls Even further
The Naira depreciation caused the currency to fall further to N1,520.123 to a dollar, data from trading platform Naira Rates revealed Wednesday. This is against the currency’s depreciation to N1,482.75 per dollar recorded in the official foreign exchange market on Tuesday, amounting to a N38 depreciation for the naira under 24 hours. Tuesday’s fall made
What Peter Obi said About Rates Unification they couldn’t understand
We have noticed the new trend amongst the APC crew members and the supporters of “Emilokan” dynasty. They are doing everything to exonerate the lackluster performance of Tinubu since inception by always bringing Peter Obi to the equation. “after all, Peter Obi said he would remove Fuel Subsidy…..” “after all, Peter Obi said he would
Peter Obi Arrives Enugu state (video)
His Excellency, Peter Obi was in Enugu state earlier today where he addressed the people of Igboeze North Local Government For Hon Denis Agbo (Mr Integrity) Re Run Election. He left for Udenu Local Government, ENUGU STATE after that. This is a man that’s supposed to be resting in his House abroad waiting for 2027 like