Tag Archives: Currency

Operatives of the Economic and Financial Crimes Commission, EFCC, attached to the Taskforce on Currency Mutilation, Dollarization of the Economy and Forex Malpractice, have arrested 34 suspected currency speculators for alleged foreign exchange fraud.     They were arrested on Friday, April 26, 2024, in a sting operation following credible …

The Central Bank of Nigeria, CBN, has denied reports of insufficient stock of currency notes in the country.    In a statement released today November 2, the CBN through its Director of Corporate Communications, Isa AbdulMumin, said that there is sufficient stock to facilitate economic activities in the country.   …

A journalist has claimed that he refused to change dollars at the official market rate even though his decision meant making a loss.   He explained that he took $500 to a Bureau De Change agent and asked to have it changed to Naira at the FMDQ rate of N763.53 …

The Nigeria Security and Civil Defence Corps NSCDC, Jigawa State Command has arrested two suspects over possession of counterfeit foreign currency and criminal conspiracy.    Spokesperson of the Corps in the state, CSC Adamu Shehu, disclosed this in a statement on Friday, July 14, 2023.    “One Danladi Umar ‘m’ …

The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC has secured the conviction of one Ibrahim Musa Dabai before Justice M.N Yunusa of the Federal High Court sitting in Kano, Kano State on a one count charge bordering on tampering with Nigerian currency.   Mr. Ibrahim, was …

Date of Release: February 8th, 2023 Length: 2 minutes 53 seconds Details/Takeaway: Young Jonn continues his fine run of hit singles as he taps Olamide who lays a smooth verse of on a tingling Pop record.

A 55-year-old Nigerian, who allegedly smuggled CFA France and Nigerian Naira notes suspected to be counterfeit into the country has been remanded by an Accra Circuit Court.    LIB earlier reported that Aremu Timothy Adegboyega was arrested by a joint security team as he entered Ghana through Togo using an unapproved route …

A wind energy generation plant located in Loiyangalani in northwestern Kenya. Credit: Isaiah Esipisu/IPS Opinion  washington dc Tuesday, January 31, 2023 Inter Press Service WASHINGTON DC, Jan 31 (IPS) – Meeting our climate change goals will require massive investments in clean energy projects, in both advanced economies and across the …

Big Brother Naija 2021 winner, Whitemoney has shared his experience in trying to get the new Naira notes following the deadline given by the Central Bank of Nigeria.   In a video he shared on his Instastory, the reality show star claimed that the new notes are not available in …

The Nigeria Security and Civil Defence Corps (NSCDC) in Jigawa State has arrested a 37-year-old man for being in possession of 26 pieces of 1,000 fake CFA francs.   The Public Relations Officer (PPRO) of the Corps in the state, CSC Adamu Shehu, made this known in a statement in Dutse …