•AY Popular Nigerian comedian and actor Ayo Makun, also known as AY, has spoken out following his recent invitation by the Economic and Financial Crimes Commission (EFCC) over an incident involving the spraying of naira, foreign currency at a public event. In a heartfelt statement released today, AY expressed gratitude to God for His mercy [&h...
•Naira notes The naira is one of the worst-performing currencies in Sub-Saharan Africa for 2024. According to the latest edition of Africa’s Pulse, a report by the World Bank, as of August 2024, the naira had depreciated by 43% year-to-date, placing it among the weakest currencies in the region, alongside the Ethiopian birr and South […...
Having a weak currency poses a great challenge to the economy, most especially in the lives of the citizens. Investors nurse the fear of putting their money in a country where its currency is unstable and there is high inflation, reports Sunday Tribune. To compete in the global market is a problem. Therefore, this article […]
The Central Bank of Nigeria has written to all banks in Nigeria to stop the use of foreign currencies as collateral for naira loans. It disclosed this in a circular titled, “The use of foreign-currency-denominated collaterals for naira loans” with ref number: BSD/DIR/PUB/LAB/017/004. The circular was signed by the apex bank’s acting Director, ...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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