Economy

Crusade against Dollarisation: EFCC Asks Embassies to Charge in Naira

Web News 11 May 2024 63 0

The Economic and Financial Crimes Commission has read the Riot Act to foreign missions based in Nigeria, banning them from transacting in foreign currencies, and mandating the use of Naira in their financial businesses. The EFCC has also mandated Nigerian foreign missions domiciled abroad to Continue Reading

Crime

“Yes, I am guilty”, Bobrisky Admits Charge

Web News 5 April 2024 245 0

Popular cross-dresser, Idris Okuneye, a.k.a. ‘Bobrisky’ on Friday pleaded guilty to a four-count charge of abuse of the naira and money laundering preferred against him by the Economic and Financial Crimes Commission (EFCC) at a Lagos court. Bobrisky arrived at the Federal High Court in Lagos around 11:50 a.m. for his arraignment on charges of […]Continue Reading

Economy

Don Calls for Swift Action to Save Naira’s Slide

Web News 23 February 2024 244 0

By Olawale Asake If Naira must be saved from imminent collapse, there is an urgent need for the Central Bank of Nigeria, CBN, and the Federal Government to rescue it from the hands of powerful operators making transactions of the Foreign Exchange in the Parallel Market. A foremost Professor of Economics, Sam Olofin stated this […]Continue Reading

Culture

Naira Abuse: Traditional Council Suspends Olu Owode-Egba

Web News 17 February 2024 476 0

By Oluwatoyin Adegoke The Egba Traditional Council in Ogun State has announced the suspension of a monarch, the Olu Owode-Egba, Oba Kolawole Sowemimo for abusing the Naira at a public function. The decision was announced after the Statutory meeting of the council for February Chaired by the Alake and Paramount ruler of Egbaland, Oba Adedotun […]Continue Reading

Economy

Osun Residents Moan as Naira Scarcity Bites

Web News 5 December 2023 254 0

By Mojisola Oladele  Residents of Osun State have expressed dissatisfaction over the Naira Scarcity which had lingered on for weeks in Commercial Banks across the State. Radio Nigeria Correspondent who monitored the situation in Osogbo the State Capital, Ile-Ife and Ilesa towns indicated that ATMs of commercial banks were dispensing a limit of #10000 cash […]Continue Reading

Economy

FG, Labour, need to work towards revitalisation of National Economic Assets – Prof. Gbolagade

Web News 1 October 2023 414 0

By Dayo Adu An educationist, Professor Abiodun Gbolagade says revitalisation of national economic assets is the best solution to the current hardship been faced by citizens of this country. Professor Gbolagade called on President Bola Tinubu and his economic team to resuscitate the four ailing national refineries and also strengthen the purchasing power of naira […]Continue Reading

Economy

Osun Inaugurates Standing Committee on Palliatives Distribution

Web News 24 August 2023 327 0

By Adenitan Akinola  The Osun State Government has inaugurated a standing committee charged with the responsibility of distributing palliatives to residents and vulnerable citizens of the state.  The State Commissioner for Information and Public Enlightenment, Mr kolapo Alimi made this known while addressing the journalists on the update of the palliatives.  Mr Continue Reading