President Tinubu orders the arrest of George Buchi Nwabueze after uncovering a fake agency inside the OSGF, prompting suspensions of three permanent secretaries.
The federal government declared Tuesday as public holiday for Eid ul Mawlid, with banks closing while digital services remain accessible nationwide.
Experts have that the naira may have fallen sharply in the final trading days of the week due to a series of policies that the CBN churned out to improve liquidity.
The Central Bank of Nigeria (CBN) has provided a breakdown of all Nigerian banks' lending rates, with FCMB (First City Monument Bank) having the highest.
RightCard (LemFi) has announced the resumption of its services to Ghana, following a temporary suspension of its money transfer services to Ghana in November 2023.
Wigwe University clarified its strategic decision to list fees in USD, as it bids to create a global learning centre attractive for international students.
Aliko Dangote lost $5 billion in 24 hours after Nigeria devalued its currency again. Dangote also dropped from 81st wealthiest person to 113th in the world.
The Naira has recorded an improvement against the US dollar in the official market but has fallen in the peer-to-peer and parallel markets markets.
The Federal Government has pledged to undertake macroeconomic reforms aimed at bringing about stability to the declining naira in the Forex market.
The Central Bank of Nigeria has decided to stop banks' cash reserve ratio to boost the availability of funds for Nigerian banks to lend more to customers.
The Nigerian government has reacted to reports that it is targeting domiciliary account holders in Nigeria to help save the naira from further depreciation.
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