Defence Minister Bello Matawalle has addressed the clash between Minister Nyesom Wike and an officer in Abuja, revealing whether disciplinary action will be taken.
Defence Minister Bello Matawalle has addressed the clash between Minister Nyesom Wike and an officer in Abuja, revealing whether disciplinary action will be taken.
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There is mounting pressure on the Central Bank of Nigeria as the naira crashes to near N1,600 against US dollar in the official foreign exchange.
The United Arab Emirates (UAE) has hiked its visa fees from N155,500 to N640,000 for Nigerian passport holders. This comes after it lifted the visa ban on Nigerians.
The diplomatic spat between Nigeria and the United Arab Emirates has been resolved, and the country is lifting its visa ban on Nigerians, effective July 15, 2024.
Nigeria's naira plunged to its lowest level since March owing to seasonal demand for dollars and ongoing market concern, despite central bank assistance.
Last week saw a notable increase in the total foreign exchange (FX) turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM), reaching $1.03 billion.
The Nigeria Deposit Insurance Corporation (NDIC) has addressed the ongoing delays in processing refunds to customers of Heritage Bank, following the CBN.
The Nigerian currency continued its decline against the United States Dollar on the Nigerian Autonomous Foreign Exchange Market despite CBN intervention.
The value of the Pound is quickly approaching the dreaded N2,000/£1 threshold on the black market, trading at N1,964/£1, with the US dollar at a four-month high.
The Central Bank of Nigeria has sold $122.67m to 46 authorised dealers to boost forex liquidity and support currency value after a sharp depreciation.
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