Tag Archives: Currencies

A syndicate which specialized in printing fake Nigerian and Cameroonian currencies has been smashed by the Zone 2 Command, with the recovery of fake N9 million and 300 million CFA notes in Lagos.   Vanguard reports that four suspected members of the syndicate are a couple Oludare Olamilekan, 50. his …

Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested two drug barons linked to consignments of cocaine and heroin buried in bellies of two traffickers heading to Paris, France and Doha, Qatar.  One of the suspects has been identified as Hakeem Babatunde Salami, the alleged arrowhead of “Tajudeen …

The World Bank has ranked the Nigerian Naira among the worst-performing currencies in Sub-Saharan Africa.    In a report titled “Africa’s Pulse: An analysis of issues shaping Africa’s economic future (October 2023 | Volume 28)”, it was stated that the Naira has weakened by 40 percent since the mid June …

President Muhammadu Buhari has revealed that Nigeria is among four of the 54 African countries that print their currencies locally.   Speaking on Wednesday, November 23, while unveiling the new Naira notes redesigned by the Central Bank of Nigeria, Buhari said it is a thing of pride that Nigeria does not …

The Department of State Services (DSS) has gone public with its discovery after carrying out a raid on the residence and office of Tukur Mamu, publisher of Desert Herald.   LIB reported earlier that Mamu, an aide to popular Islamic cleric Ahmad Gumi, who has been involved in negotiations for the release of persons …

Yuri Popovich had watched his neighbours’ houses burn down to the ground in Kyiv and he needed a safe place to put his money. So he did what millions of amateur investors have done in recent years: he turned to cryptocurrency. “It was impossible and unsafe to store funds in …

Award winning Nigerian singer Davido has reacted to a viral video of his uncle, Senator Ademola Adeleke offering money to voters. Recall that Naija News earlier reported that a video had shown Osun state governorship aspirant Senator Ademola Adeleke telling a crowd that he had come with money in different …