The Economic and Financial Crimes Commission, EFCC, has warned schools, supermarkets, hotels and others against charging for services in the country in dollar or any other foreign currency. EFCC Chairman Ola Olukoyede, in the latest edition of the commission’s monthly e-magazine, released on Monday, threatened to jail anyone found dollarising the economy. The EFCC boss […]
“Woke up as a millionaire: A lottery winner’s story”
The winner shared his experience with the people at the lottery. He explained that he occasionally participates in the lottery and fills out the form manually, choosing numbers at random without any particular meaning behind them The post “Woke up as a millionaire: A lottery winner’s story” appeared first on Premium Times Nigeria. Powered by […]
Convert dollars in your possession to Naira — Oluwo begs Nigerians
The Oluwo of Iwo, Oba Abdulrosheed Adewale Akanbi, has appealed to Nigerians to convert the dollars in their possession to Naira. The Osun monarch who challenged Nigerians to demonstrate patriotism, blamed the exchange rate crisis on Nigerians hoarding the foreign currency. Akanbi who made this call in a statement by his spokesman, Alli Ibraheem on […]
Dump your dollars to avoid tears, Naira will appreciate – Presidency warns FX speculators
The Presidency has warned forex speculators that the Naira will soon appreciate. President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, urged speculators to quickly dump their dollars to avoid “tears”. Onanuga was reacting to the Central Bank of Nigeria, CBN, disclosure that it had cleared the $7 billion foreign exchange backlog inherited […]
Governors converting allocations to dollars behind FOREX crisis – Activist alleges
An activist, Idris Etanami Usman has lamented the endless paucity of dollar denominations in the country which he said, has affected genuine businesses. He attributed the scarcity of dollars to governors converting monthly allocations to dollars, noting that the investigations his company conducted uncovered alarming evidence pointing towards the complicity of certain state governors in […]
US Dollar supply surges by 76.62% in forex market as Naira appreciates
The turnover of US Dollar supply at Tuesday’s official foreign exchange market surged by 76.61 per cent to $117.32 million as the Naira appreciated marginally. FMDQ data showed that FX Turnover increased to $117.32 million on Tuesday from $66 million on Monday. The development led to the marginal appreciation of the Naira to N1,551.24 per […]
Police arrest domestic worker, husband for allegedly stealing $51,000
Personnel of Zone 2 Police Command, Onikan, have arrested a domestic staff, Blessing Effiong, and her husband, Bassey Effiong, for allegedly stealing $51,000 (N76,174,620) from her employer’s residence in the Lekki area of Lagos. The Zonal Public Relations Officer, SP Tunni Ayuba, confirmed the arrest in a statement on Friday in Lagos, saying that the […]
Collecting tuitions in dollars illegal – NUC
The National Universities Commission, NUC, on Thursday reiterated that no tertiary institution in Nigeria is allowed to charge tuition fees in dollars. The acting Executive Secretary of NUC, Chris Maiyaki, emphasised this at a media parley with education reporters in Abuja. He was reacting to a statement by the Economic and Financial Crimes Commission, EFCC, […]
Naira crashes to N1,534 against US dollar at foreign market
The Naira depreciated to a record low of N1,534.39 against the US dollar at the foreign exchange market on Monday. Data from FMDQ showed that the Naira dropped to N1,534.39 per US dollar on Monday from N1,469.97 on Friday. This represents a 4.2 per cent or N64.42 depreciation compared to N1,469.97 recorded at the close […]
