Currency

The House of Representatives has mandated its committee on banking and currency and financial crimes to investigate the operations of the internet based wonder bank, known as “MMM Nigeria scheme”. This resolution was adopted by the…

Here Are the Individuals Making Money From The Current Dollar Scarcity in Nigeria The current scarcity of dollar and high interest rate appears to be the burning issues that need urgent attention in the country. Every Nigerian,…

The CBN has also instructed four banks: Standard Chartered Bank, Stanbic IBTC, Diamond Bank, and Citi Bank, to suspend MTN's dividend payout from Nigeria. The Central Bank of Nigeria (CBN) has ordered that all dividends directed…

The House of Representatives on Tuesday sought the reversal of the validity period of the Nigerian Passport to 10 years as was the case before the introduction of the current e-Passport regime. Under the current passport policy, the…

So yesterday, word went round that Davido, his brother Adewale Adeleke and his manager Kamal Ajiboye had been arrested in a club in Budapest, Hungary. Over some fake Euro currency they used in paying for drinks. According to the…