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NSA’s Office, CBN Join Forces To Deal With Forex Speculators

NSA’s Office, CBN Join Forces To Deal With Forex Speculators

The Office of the National Security Adviser (NSA), Nuhu Ribadu; and the Central Bank of Nigeria (CBN) have joined forces to deal with forex speculators in the country and address challenges impacting the nation’s economic stability. In a statement on Tuesday, a spokesperson for Ribadu’s office, Zakari Mijinyawa, said the activities of speculators, both domestic...

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Rising cost of food a global phenomenon – Barau

Rising cost of food a global phenomenon – Barau

Deputy Senate President Barau Jibrin has described the rising cost of food in the country as a global phenomenon. He lauded President Bola Tinubu for ordering the release of 102,000 tonnes of rice, maize and millet to address the high cost of food. The Federal Government, through the Special Presidential Committee on Emergency Food Intervention headed by...

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EFCC clamps down on firms for issuing invoices in dollar

EFCC clamps down on firms for issuing invoices in dollar

The Economic and Financial Crimes Commission (EFCC) yesterday joined the battle to halt further depreciation of the naira against the US DollarIt launched a crackdown on dollar speculators, hoarders, racketeers and firms issuing invoices in foreign currency. The anti-graft agency said it had raised 14 special task forces to fish out culprits. The anti-graft agency,...

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What Criteria Should One Consider Picking The Right Fintech App For A Business?

What Criteria Should One Consider Picking The Right Fintech App For A Business?

Hello NairalandersWith over 100 Fintech companies in Nigeria engaging in broad range of product offerings spanning from payment solutions, online banking and investments. Due to the proliferation of these Apps, It has become extremely difficult to know the right fintech platform to adopt for your business or personal use. Some of this companies offers seemingly...

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Tinubu congratulates Dangote on conferment of  Senegal’s highest honour

Tinubu congratulates Dangote on conferment of Senegal’s highest honour

President Bola Tinubu has congratulated the President and Chief Executive Officer, Dangote Group, Aliko Dangote, on his conferment of Senegal’s highest national honour, National Order of the Lion. Related News: Dangote Retains First Place As Richest Man In Africa beating Otedola — Forbes In a statement signed by his Special Adviser on Media and Publicity,...

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Support grows for relocation of CBN departments to Lagos

Support grows for relocation of CBN departments to Lagos

Finance and economy analysts have shared perspectives on the relocation of some units and departments of the Central Bank of Nigeria to Lagos. The stakeholders spoke to PUNCH Online on Wednesday following the recent apex bank’s announcement directing the movement of some of its units and departments to Lagos for enhanced operational efficiency. The CBN’s...

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Naira Trades At ₦1,520 Per Dollar

Naira Trades At ₦1,520 Per Dollar

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...

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Naira free fall lingers as exchange hits N1482.57/$ on official window

Naira free fall lingers as exchange hits N1482.57/$ on official window

The Naira free fall has continued on the official Investor and Exporter window of the foreign exchange market, as it closes at N1482.57/$ on Tuesday. This is a 9.93 per cent decline from its N1348.63/$ Monday rate according to data from the FMDQ Securities Exchange. On the parallel market, it remained stable at N1,450/$, and...

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Promiseland Estate Concludes Motion Summit 3.0 Amidst Massive Impact

Promiseland Estate Concludes Motion Summit 3.0 Amidst Massive Impact

An Abuja-based leading real estate company, Promiseland Estate has concluded the third edition of its emotional intelligence summit, which aimed at providing assistance to participants on the knowledge of self-discovery. It witnessed a huge impact as the Chief Executive Officer Promiseland Estate, Amb. Dr. Lawrence Emmanuel (MON) who was the lead speaker reeled out the...