The naira fell against the U.S. dollar at both the official and parallel market on Wednesday marking a sharp reversal from the temporary gain achieved last week. The domestic currency depreciated 0.55% to close at N874.71 to a dollar at the close of business on Wednesday, data from the NAFEM where forex is officially traded,…
The presidential candidate of the Labour Party, LP, in the 2023 general elections, Peter Obi, has lamented the ‘dollarisation’ of the Nigerian economy. Speaking during an interview with Arise TV on Monday on the state of the country, Peter Obi stated that the Naira should have been devalued. He added that the use of the…
Popular disc jockey, DJ Kaywise has sweetly surprised his girlfriend, Nenny B with a bouquet of foreign currency as she celebrates her birthday. The OAP Nenny B who turned 30 years on 22nd September took to her Instagram page to share the adorable gift she received. DJ Kaywise had sent her a bouquet containing 100 dollar notes which were made…
A young boy danced excitedly on the road after receiving €50,000 (N40 million) from a client whom he billed €100 (N80k). The boy identified as @miradollar8 on TikTok shared a video of his newly acquired Lexus RX350 while dancing to a song. The caption of his video read; ‘Client way start billing with €100 Don later drop…
CBN ,The Central Bank of Nigeria yesterday returned Bureaux De Change (BDCs) to the foreign exchange market, with new guidelines on their operations. In a circular to BDCs signed by CBN Director, Trade and Exchange Department, O.S Nnaji, titled: “Operational Mechanism for Bureau De Change Operations in Nigeria”, the apex bank said the guidelines were…
