The Nigerian National Petroleum Corporation has announced elaborate measures to sustain supply of Premium Motor Spirit, (petrol), Automotive Gas Oil, diesel, and Dual Purpose Kerosene, DPK, otherwise called kerosene, nationwide.   These measures include: increasing the February supply of Premium Motor Spirit (PMS), by six...

A QUESTION and answer format is adopted in this article to examine issues related to the recent DSS raid on Bureau de Change (BDC). Please read on: Question: What do you think about the CBN’s policy that allowed BDCs to buy dollars at N381/$ and...

Despite last week’s raid and arrest of some licensed currency dealers who were said to be selling foreign exchange (FX) above the prescribed limit, the naira appreciated on both the interbank and parallel segments of the market. Precisely, on the interbank FX market, the spot...

Operatives of the Department of State Security on Thursday arrested some unregistered Bureau De Change operators in Lagos and Abuja. Also raided by the DSS operatives were registered BDCs operators who were accused of selling the dollar above N400. The development, forex dealers said, forced some...

It is no more news that national security and security threats have been cited to justify postponements of elections under former President Goodluck Jonathan and the current President Muhammadu Buhari. However, the postponement of the last governorship election in Edo State have been labelled...

Jon Ode Arms Panel Scandal ...EFCC Calls for High-powered Inquiry as DSS Expands Probe The Economic and Financial Crimes Commission (EFCC) has called on the presidency to set up a high-powered inquiry to verify the claims of an exclusive report published by THISDAY revealing that...