President Muhammadu Buhari on Tuesday met behind closed doors with members of the National Council of State at the Presidential Villa, Abuja.
The meeting started at 11.a.m prompt at the Council Chamber.
The meeting comprises of past presidents and heads of state, Chief Justices of Nigeria (CJN), leadership of the National...
…. Bribes National Assembly Members To Avoid Probe
Few months from now, Godwin Emefiele, would have run the full course of his five-year term as Governor, Central Bank of Nigeria, CBN. In preparation for his exit, he has been papering over the cracks of his storied tenure in order to...
In an impassioned key note speech, delivered before global leaders, at the 7th Tokyo International Conference on African Development (TICAD) in Yokohama, Japan, African investor and philanthropist Tony O. Elumelu CON, challenged the Government of Japan to invest 5% of its $50billion commitment to Africa, in empowering African...
By SKC Ogbonnia
The point of this matter is short and simple. Barring the desired change from the status quo, a mass revolution of global consequence is imminent in Nigeria. Commonsense dictates that the masses—home and abroad—are merely waiting for the outcome of the court cases challenging the sham election.
The...
Despite volatility in the Nigeria’s foreign exchange market, Nigeria recorded a daily foreign exchange turnover of $100.06million in the Nigerian Foreign Exchange Market (NAFEM).
The daily forex turnover rose by 32 percent from $75.82million, on Friday, November, 24, 2023 to $100.06million on Monday, November, 27, 2023.
According to the data from...
The naira has continue to gain momentum against the United States currency, US dollar, after the Central Bank of Nigeria (CBN), intensified the clearance of backlog of foreign exchange forward.
An FX forward contract is a bilateral agreement where one party (the seller) agrees to sell FX to another party...
Strong indications emerged weekend on why the Central Bank of Nigeria (CBN) governor, Godwin Emefiele was suspended by President Bola Ahmed Tinubu.
In a shocking development, the Federal Government of Nigeria Friday suspended Emefiele and ordered his probe.
This newspaper reliably gathered that Emefiele's suspension is tied to a $1 billion...
The pressure on the foreign exchange (FX) market eased, on Tuesday, as naira steadied against the United States dollar in the parallel market.
According to Aboki FX, the naira sells for N1,160 on Monday and Tuesday respectively.
Also, the volume of United States dollars turnover in the Nigerian Foreign Exchange Market...
There was relief among manufacturers and importers as the naira gained N49.39 (5.24 per cent) Friday to close at N791.75/$ (down from N841.14 on Thursday) at the official market.
The gain, captured in the data from the Nigerian Autonomous Foreign Exchange (NAFEX) – the country’s official exchange rate window –...
