The CBN regards spraying of naira notes as “abusing the country’s symbol of sovereignty.” On Thursday, April 4, 2024, the Economic and Financial Crimes Commission (EFCC) announced the arrest of Lagos socialite and crossdresser, Idris Okuneye better known as Bobrisky, for abusing naira notes. For context, spraying naira notes is …
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The Economic and Financial Crimes Commission, EFCC, has released the mugshot of crossdresser, Bobrisky after he was arrested and detained for abuse of Naira “Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have commenced investigation of Iris Okuneye, a.k.a Bobrisky, for allegedly spraying Naira …
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The naira has appreciated to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week Thursday, March 28. According to data from FMDQ Securities, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market closing below the N1,300 ceiling marks the first instance since January …
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Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria, has said that those who want the Naira to be N400 to the Dollar are living in a dream world. Taking to his X account, Moghalu explained that the exchange rate should reflect its market value in reality. …
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The Naira on Wednesday, March 20, exchanged for N1400 against the Dollar in the parallel market. Parallel market operators bought at N1400/$1 from holders of dollars looking to sell, marking a significant boost in the value of the Naira in recent weeks. According to Nairametrics, the foreign investors’ …
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A lady identified as Linda Ihebinike has been arrested after she allegedly attempted to carry out a transaction with fake Naira notes. Disclosing this to newsmen, the spokesperson of the Lagos state police command, SP Benjamin Hundeyin, said the lady was arrested after the vigilant POS operator …
Read More »A video of BBNaija’s Mercy Atang’s fiance, David, describing her as the wife of his youth has made the rounds on social media. David visited her in her hotel room in Eket, Akwa Ibom, where their wedding holds today March 12. David couldn’t contain his excitement when he saw …
Read More »The Senate plenary was further thrown into confusion today March 12, after Senator Ayom Jarigbe made a startling revelation. The lawmakers were deliberating on the recent allegation made by Senator Ningi made about the 2024 budget being padded when Jarigbe alleged that each Senator, especially the ‘’Senior Senators’ received …
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The Central Bank of Nigeria has sold a record N1.3 trillion in Treasury Bills, specifically targeting overseas investors. This is aimed at increase foreign exchange (forex) flowing into Nigeria and strengthening the Naira’s value. The current Treasury Bills which is a secure way for investors to earn a …
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Cryptocurrency exchange, Binance has announced that it will stop providing all services related to the Nigerian naira (NGN). According to the platform’s announcement on Tuesday, March 5, starting at 8:00 UTC on March 8, all remaining NGN balances in Binance users’ accounts will be automatically converted to USDT stablecoin …
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