Naira Value Drop: EFCC Storms Abuja Bureau De Change Hub
Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday stormed Wuse Zone 4, Abuja, home to most bureau de change operators in the Federal Capital Territory, A source said the raid was a covert operation to dislodge currency specu...
Beneficiaries To Get N50,000 As FG Reintroduces Tradermoni Next Month
The Federal Government will restart the Tradermoni scheme in November with each beneficiary getting N50,000 to support their business. While the interest-free loan scheme for...
Despite Improved Revenue, We Still Need More Borrowings, Edun Tells Senate
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Nigerian government needs more borrowings to fund its budget even...
Naira Faces Fresh Pressure as Parallel Market Rates Weaken Despite Official FX Stability
The Nigerian Naira began the week under renewed pressure in the unofficial foreign exchange market, commonly referred to as the black or parallel market. On...
Tinubu In Meeting With World Bank Chief Says Audit Of CBN Commencing Soon
President Bola Tinubu says a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is...
Supreme Court Bans Withdrawal Limit Policy
On 3 March 2023, the Supreme Court sitting in Abuja ruled in favour of a suit brought before it by Governors. The apex court...
Old Naira Notes: SERAP Drags Buhari, Malami, CBN To Court
The Socio-Economic Rights and Accountability Project (SERAP) announced over the weekend that it had sued President Muhammadu Buhari for "the unlawful directive banning the...
Fake Naira Notes In Circulation, CBN Warns Nigerians
The Central Bank of Nigeria(CBN) has warned Nigerians to be wary of counterfeit naira notes in circulation amid reports of currency shortage in the...
Zamfara Moves Away From N7,000 Minimum Wage, Now Pays N30,000
The Zamfara State Government has commenced the payment of N30,000 minimum wage to workers in the North-Western state. This followed a meeting the state governor,...
After Subsidy Removal, FG Records Over N1tn Monthly Revenue Inflow – Finance Minister
The Minister of Finance, Mr Wale Edun, says that the Federation Account is witnessing improved revenue inflow since the removal of subsidy from an...
