•Ex-Governor Yahaya Bello A witness, Nicholas Ojehomon, has testified before Justice Emeka Nwite of the Federal High Court, Abuja, how former Kogi State governor, Yahaya Bello, paid his children’s school fees in dollars and in advance until their graduation. Ojehomon, an internal auditor in the American International School in Abuja, is the th...
•Ex-President Muhammadu Buhari The Federal High Court sitting in Abuja, today, heard how a former Minister of Power, Mr. Saleh Mamman, who served under the administration of ex-President Muhammadu Buhari, purchased a N200million property in Abuja with a cash payment in dollars. Mamman is answering to a 12-count charge bordering on conspiracy a...
•Dollar notes The federal government has issued a nine-month ultimatum to individuals that are keeping dollars outside the banking system. Briefing journalists yesterday after the National Economic Council (NEC) meeting in Abuja, the Finance Minister and Coordinating Minister of the Economy, Wale Edun, said the government has unveiled a new po...
The International Police Organisation (INTERPOL), yesterday, revealed that “hundreds of thousands of dollars” are being laundered out of Nigeria to other African countries and across the world every hour. The organisation also said money laundering across Africa and the entire world has assumed a monstrous dimension, adding that it would requi...
•Dollars The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than two years after the suspended former CBN governor, Godwin Emefiele, stopped the sales of foreign exchange to BDC operators in that segment of the [&hellip...
Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest today, Thursday February 1, 2024. The CBN, which made the disclosure in a new circular released yesterday, also warned lenders against hoarding excess foreign currencies for...
A coalition of Youth groups in the 19 northern states, Arewa Youth Ambassadors (AYA), called on President Bola Tinubu’s administration not to sell crude oil to Dangote Petroleum Refinery (DPR), in dollars but naira. They also ask President Tinubu to continue working with the private refinery owners, particularly DPR and provide them with crude...

