The National Security Adviser, Mallam Nuhu Ribadu has instructed operatives of the Nigeria Police Force, the Economic and Financial Crimes Commission (EFCC), the Nigeria Customs Service, and the Nigeria Financial
In 2020, the Federal Government of Nigeria through its central bank began to crack down on the use of naira debit cards for international transactions. The halt of using the
The Central Bank of Nigeria (CBN) has said those those fond of “spraying” money during parties’ risk being arrested. Spokesman of the CBN, Isaac Okorafor, stated this after a meeting
The Central Bank of Nigeria has warned against spraying, selling and mutilation of Naira notes. CBN said such mishandling of the currency is a criminal offence, which attracts five years
Over the past 48 hours, The Central Bank of Nigeria, CBN has pumped a total $380million into the Foreign Exchange Market in the continuing bid to sustain the Naira. The
Reports from Vanguard and PUNCH suggest that The Central Bank of Nigeria is set to inject $350 million into the forex market to aid the bid to strengthen the value
Nigeria’s number 1 Ponzi scheme, MMM Nigeria, is back. This is according to a statement issued by the official Twitter account. “This is to officially inform you that MMM Nigeria
The Central Bank of Nigeria has brought in further measures to support the naira. It has stated that buyers of foreign currency must use that money within 48 hours or
Newly appointed Deputy Governor of Central Bank of Nigeria, Dr. Joseph Nnana, on Wednesday clarified that the apex bank had not devalued the naira as widely reported in the media.