Naira Appreciates to N1,120 per Dollar at Parallel Market The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market. The current FX rate signifies a decrease of 9.67 percent from the N1,240/$ reported on April 3. Bureau de...

EduGate: EFCC Recovers N30bn, Investigates 50 Bank Accounts The Economic and Financial Crimes Commission (EFCC) said it has recovered N30bn in the probe of the National Social Investment Programme Authority (NSIPA) former CEO Halima Shehu and suspended Minister of Humanitarian Affairs and Poverty Alleviation Betta...

Emirates Flights to Nigeria May Resume in June — Aviation Minister Emirates Airlines is set to resume flights to Nigeria before the end of June 2024, the Minister of Aviation, Mr. Festus Keyamo disclosed. The minister, who spoke when he appeared on Arise News Channel on...

CBN Disallows Foreign Currency as Collateral for Naira Loans The Central Bank of Nigeria (CBN) has directed all banks to stop the use of foreign currency-denominated collaterals for naira loans. Adetona Adedeji, acting director of the banking supervision department at CBN, disclosed this in a statement...

Alleged Money Laundering: Court Remands Binance Agent as EFCC Begins Trial  The Federal High Court sitting in Abuja, on Monday, has remanded Tigran Gambaryan, a representative of Binance Ltd at the Nigerian Correctional Service pending the determination of his bail application. The court also overruled the...

CBN Set to Sell $10,000 to BDCs at N1,101 per Dollar  The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this in a circular uploaded to its website on Monday. The apex bank said it is set...