WorldRemit Supports CBN’s Extension Of Naira-4-dollar Scheme       WorldRemit, a global cross-border payments company, has expressed support for the Central Bank of Nigeria’s decision to extend the deadline of the Naira-4-Scheme that was introduced in March this year. The CBN had on May 6 announced that it...

N120bn Petrol Subsidy To Double As CBN Adjusts Exchange Rate       As the Central Bank of Nigeria (CBN) signals a subtle harmonisation of exchange rates with the removal of N379/$1 official rate from its website, all is set for labour unions to lock horns with the...

Inflation: Money Supply Rises By 22.5% To N38trn       The increasing demand for cash by members of the public to meet the rising prices of goods and services has caused money supply in the economy to jump by 22.5 per cent Year-on-Year (YoY) to N38 trillion...

Despite Buhari’s Forex Ban, Food Imports Gulps $1.24bn       Food products imports gobbled up $1.24bn of the foreign exchange supplied by the Central Bank of Nigeria from October 2020 to March 2021 despite the ban directive from President Muhammadu Buhari. The foreign exchange used for the importation...

Banks Slash Dollar-cash Deposits to $5,000 Monthly       Nigerian banks have reduced the amount of United States dollars customers can pay into their domiciliary accounts from the previous $10,000 to $5,000 monthly. A top bank official who craved anonymity confirmed the new policy yesterday. However, the new policy...

How Taraba Governor Used Younger Sister, Hoax Contracts to Launder N39bn     Within five years, the Governor Darius Ishaku-led administration has allegedly looted the treasury of Taraba state to the tune of 39 billion naira, PRNigeria has learnt. The Taraba Integrity and Accountability Group Jalingo (TIAGJ) said...