Kidnappers demand N30m ransom to free two sisters in Abuja
Kidnappers are demanding N30 million ransom before releasing two teenage sisters abducted at Guita community, Chikakore in Kubwa, Bwari Area Council of the Federal Capital […]
Month: February 2024
Bureau de Change operators announces offices closure as forex crisis worsens
The Bureau de Change operators in Abuja have announced the permanent closure of their business premises due to foreign exchange scarcity, effective Thursday, February 1, 2024, amid Nigeria’s currency crisis. Abdullahi Dauran, Chairman of BDC operators in Abuja, disclosed this in a statement on Wednesday. Dauran stressed that the scarcity of dollars was responsible […]
Transfer: Oshoala to join American club, Bay FC
Super Falcons forward, Asisat Oshoala will seal a move to the United States National Women’s Soccer League (NWSL) outfit, Bay FC this week. Oshoala’s current […]
Obasanjo nearly punched me for advising that the constitution be amended – Olanipekun
A former President of the Nigerian Bar Association, Chief Wole Olanipekun (SAN), said, on Wednesday, that former President Olusegun Obasanjo almost punched him for advising […]
CBN give banks 24 hours ultimatum to sell-off excess dollars
The Central Bank of Nigeria has directed Deposit Money Banks to liquidate any surplus dollar stock by February 1, 2024, as part of new efforts to stabilize the country’s erratic currency rate. The CBN, which made the announcement in a fresh circular issued on Wednesday, also urged lenders not to hold extra foreign currency for profit. According to officials, the central bank believes that some commercial banks maintain long-term foreign exchange positions in order to profit from exchange rate volatility. The new circular introduces a set of guidelines aimed at reducing the risks associated with these practices. In the circular titled, […]