Weekly Newsletter
Excepteur sint occaecat cupidatat non proident
currency
Naira strengthens against dollar by 1.437 %
By Chioma Obinagwam The Nigeria’s currency— the Naira closed 1.437% stronger against the dollar in the parallel (black) market on Monday. Confiance News...
Lafarge Africa optimistic of robust returns amid forex volatility
By Chioma Obinagwam Leading innovative and sustainable building solutions company, Lafarge Africa Plc., is positive about delivering a resilient business despite being faced...
Why CBN banned use of foreign currency as collateral for Naira loans
By Chioma Obinagwam The Central Bank of Nigeria—the apex of Nigeria has instructed all Nigerian banks to stop accepting foreign currencies as...
Banks open banking halls for cash withdrawals on weekends to ease naira crunch (in photos)
…most banks were crowded with customers looking to get their share of naira notes By Chioma Obinagwam Most Deposit Money Banks (DMBs) in...
Pastor Adeboye issues stern warning to powerful people making life miserable for common man
The General Overseer (G.O) of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has said God will soon deliver the common...
Nigeria’s apex bank, CBN, says old N200, N500, N1,000 naira remain legal tender
By Chioma Obinagwam Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN) has said that the old N200, N500 and N1000 notes...
Nigeria’s apex bank, CBN, refutes report directing banks to collect old N500, N1000 notes
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has denied directing commercial banks to collect old N500 and N1,000 from Nigerians, dismissing...
Naira redesign: CBN refutes claims of NSPMC’s incapabilities, closure of banks
By Chioma Obinagwam Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN), has debunked the news making rounds in a recording of...
ICPC arrests Stanbic IBTC bank manager over alleged sabotage of new naira
Nigeria’s anti-graft commission, the Independent Corrupt Practices and other related offences Commission (ICPC), has arrested an official of Stanbic IBTC Bank in Abuja...
Don't Miss
Again Ikeja Electric customers experience frustration in recharging energy tokens
By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been thrown into darkness because they cannot buy tokens and some of...
In four photos, NCC reacts to Executive Order on Critical National Information Infrastructure
By Chioma Obinagwam The infrastructure of the Nigerian Communications Commission (NCC) has now been classified as Critical National Information Infrastructure (CNII). Confiance News...