Tag: Dollars

MMIA Customs Command Intercepts $8m

Henry Solomon- February 4, 2020

Comptroller-General of Customs, Col. Hameed Ali (Rtd) on Tuesday disclosed that the Custom Command at the Murtala Mohammed International Airport had intercepted 8.06 million U.S. ... Read More

Hajj 2018: Black Market Operators Besiege Nigerian Pilgrims For Forex

Abdul Jimoh- July 26, 2018

Foreign exchange black market operators are making a brisk business from Nigerian pilgrims in Madinah, since the arrival of the first batch from Kogi for ... Read More

Nigeria Lost Billions of Dollars Over Failure to Reform oil & Gas Industry – Dogara

Tanimu- May 15, 2018

Turaki Hassan, Abuja: The Speaker of the House of Representatives, Hon Yakubu Dogara, has stated that the new petroleum industry bill that the National Assembly ... Read More

Presidential Aide Justifies Buhari’s Approval of $1bn Security Fund

Henry Solomon- April 6, 2018

President Mohammadu Buhari Presidential spokesman Femi Adesina says those opposing or criticizing President Muhammadu Buhari’s approval of one billion dollars for security funding are only ... Read More

CBN ends Forex trading week with $288m Retail SMIS

Tanimu- November 25, 2017

Olalekan Ajayi, ABUJA: The Central Bank of Nigeria (CBN) on Friday, November 24, 2017, injected the sum of $287.89 into the Retail Secondary Market Intervention ... Read More

Central Bank Injects $210m Into Forex Market

Tanimu- November 22, 2017

Olalekan Ajayi, Abuja: As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commenced its last meeting for 2017, the Bank on ... Read More

Naira Remains Strong as Central Bank Pumps in $195m

Tanimu- November 14, 2017

Olalekan Ajayi, Abuja: The Central Bank of Nigeria has continued its sustenance of FOREX liquidity by injecting another $195 million into the inter-bank Foreign Exchange ... Read More

Central Bank of Nigeria Injects Dollars into Forex Market

Tanimu- October 4, 2017

Olalekan Ajayi, Abuja: The Central Bank of Nigeria (CBN), in continuation of its efforts to sustain FOREX liquidity in the country, on Tuesday, October 3, ... Read More

Lack of sleep Costing Australian Economy $52.48bn Annually

Henry Solomon- August 8, 2017

Sleep deprivation is costing the Australian economy 52.48 billion dollars  annually, a report released on Tuesday shows. The Deloitte Access Economics, in a report, found ... Read More

FOREX Update: CBN Further Crashed Rate At Which It Sells FOREX To Bureaux De Change (BDC) in Nigeria

Tanimu- March 28, 2017

Olalekan Ajayi, Abuja: Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to ... Read More

Update on FOREX Market As Central Bank Offered $100m To Dealers

Tanimu- March 26, 2017

Olalekan Ajayi, Abuja: Following Thursday’s FOREX wholesale auction, the Central Bank of Nigeria (CBN) on Friday, March 24, 2017, concluded transactions on the sum of ... Read More

Naira Gains Against Dollar Again

Abdul Jimoh- March 22, 2017

Naira Gains Against Dollar NAN, Abuja; The continuous Central Bank of Nigeria’s (CBN) intervention in foreign exchange (forex), has caused the Naira to hit the ... Read More

EFCC Arraigns Two Over $167,900 Money Laundering

Abdul Jimoh- March 17, 2017

EFCC On Money Laundering The Economic and Financial Crimes Commission on 16th March, 2017 arraigned Ojinnaka Emmanuel and Nwoke Juventus Uchenna before Justice Dugbo Oghoghrie ... Read More

Summary of Monies recovered from some Justices by the DSS

inno.korie- October 8, 2016

The DSS has come out with details of monies recovered from the residences of some supreme court and high court justices in their ongoing investigation ... Read More

Facilitate The Speedy Repatriation To Nigeria of Stolen Funds – President Buhari

Tanimu- April 27, 2016

President Muhammadu Buhari Wednesday in Abuja urged the World Bank to do all within its powers to facilitate the speedy repatriation to Nigeria of stolen ... Read More

No Benefit From Previous Naira Devaluations – President Buhari

Tanimu- April 22, 2016

President Muhammadu Buahri insisted Friday in Abuja that he was yet to be convinced that the vast majority of ordinary Nigerians will derive any tangible ... Read More

Past Administration’s Mismanagement And Massive Looting Consequences of Naira Depreciation And Poor Economic Situation – FG

Tanimu- December 13, 2015

  Dollars In PDP Branded Envelop The Federal Government has said the poor state of the country’s economy, especially the depreciation in the Naira exchange ... Read More

African Development Bank Sets Up $300m loan to Fund African Women in Agri-business

Henry Solomon- November 14, 2015

Dr Akinwumi Adesina, President African Development Bank (AfDB). African Development Bank (AfDB) has created 300 million US dollar financing facility to fund African women in ... Read More