EFCC Officials Raid Abuja Dollar Market With Gun In A Bid To Rescue Naira from Further Fall

Dollar to Naira exchange rate Nigeria

The operatives of the Economic and Financial Crimes Commission (EFCC) on Monday, February 19, 2024, resorted to using firearms in their attempt to salvage the Nigerian currency from total collapse. Watch video: They had stormed the Abuja Zone 4 market, popular for foreign exchange trading, and started shooting sporadically at Bureau De Change operators in an attempt to … Read more

CAC Plans To Make 300,000 Unregistered Opay Agents Legal Entities

CAC business registration

The Corporate Affairs Commission (CAC), a government agency responsible for business registration, is collaborating with Opay Services Ltd, a financial technology company, to help 300,000 unregistered businesses become legal entities. This partnership aims to bring Opay agents into compliance with regulations and provide them with the benefits of formal recognition. The Registrar-General and CEO of CAC, … Read more

Ajaero, Your Demand of N1 Million Minimum Wage Is A Big Joke

The call from Joe Ajaero, the President of the Nigerian Labour Congress (NLC), for the government to review workers’ monthly wages is something a responsive government should consider, even without being prompted by the threat of strike actions, particularly given the over 100% year-on-year inflation rate in the country. However, for the president of the … Read more

CBN Removes ±2.5% Cap Spread On FX Transactions Among Banks

usdollar_to_naira_exchange_rate_parallel_market

The Central Bank of Nigeria (CBN) is bringing another twist to Nigeria’s foreign exchange market by removing  ±2.5% cap spread on interbank FX transactions. The latest announcement overrides the initial practice when there was ±2.5% cap spread on FX transactions. The apex bank noted that the removal of spread would enhance a market-based price discovery … Read more

Nicknames of African National Football Teams

African National Football Teams by their nicknames

The Confederation of African Football (CAF) comprises 54 member countries, many of which are renowned for their distinctive nicknames. Most of them are known for nicknames associated with majestic animals, symbols of strength, or ancient heroes. Here is the complete list of African National Football Teams by their nicknames:

List of 29 CBN Departments: 24 Remain In Abuja, 5 Moved To Lagos

Olayemi Cardoso of CBN

The decision by Nigeria’s apex bank to relocate five of its departments from Abuja to Lagos in the middle of January 2024 sparked considerable uproar. Some Northern politicians and groups went so far as to threaten that such a move could have political implications for President Bola Tinubu’s second-term ambition. An internal memo obtained by … Read more

NIMC Releases Fresh Email For JAMB Applicants To Fix NIN Challenges

The National Identity Management Commission (NIMC) has released a fresh email address for the prospective candidates of 2024 Unified Tertiary Matriculation Examination (UTME) to fix their NIN problems. Exclusive for JAMB candidates In an update on the social media platforms of NIMC – the body in charge of NIN – instructed all prospective candidates of … Read more

List of Payments Into Personal Accounts of Government Officials Between 2019-2022

Nigeria_inland_waterways_economic potential_map

Every year, billions of Naira find their way from Nigeria’s government accounts into personal accounts of senior officials of Federal Ministries, Departments, and Agencies (MDAs). Most of the transactions have vague descriptions, for instance, in a transaction to one Ayodele Elizabeth, the description was not specific, it only says, “…allowances to the Hon Minister”. The name of … Read more