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![Today's Naira Rate [31-01-2025]: CBN Interventions Boost Naira as Exchange Rate Improves to N1,493/$](/data/attachments/212/212954-58e780ec025feefde8bfa331a3d70815.jpg?hash=PERHMQHP25)
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U.S. authorities have intensified fraud charges against Allen Onyema, CEO of Air Peace, related to a $20 million bank fraud scheme. Onyema is accused of submitting false documents to obstruct justice. He remains a fugitive alongside co-defendant Ejiroghene Eghagha, evading trial since 2019.
The...
![Today's Naira Rate[12-10-2024]:Nigerian Naira Struggles as Current Black Market Exchange Rate Reaches N1,695](/data/attachments/209/209108-88c9e38869c8f981977c2a6964f251a1.jpg?hash=PERHMQHP25)
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Today's Naira Rate[12-10-2024]:Nigerian Naira Struggles as Current Black Market Exchange Rate Reaches N1,695
As of October 12, 2024, the black market exchange rate for the US dollar to the Nigerian naira is N1,695 for buying and N1,700 for selling in Lagos. The Central Bank of Nigeria’s official rates remain significantly lower, highlighting ongoing economic challenges and currency volatility in...
Nigerian banks are set to experience service interruptions as they upgrade their core banking systems for improved security and cost-efficiency. Experts urge better communication with customers to mitigate disruptions during this transition, which is compounded by rising operational costs and...
The Nigerian Communications Commission (NCC) has completed linking all mobile phone numbers to national identification numbers (NIN). This initiative enhances accountability in tracing phone numbers linked to fraudulent activities. The NCC also plans to collaborate with the Central Bank of...
The Nigerian government is seeking the arrest of Hathiramani Ranesh, managing director of Dana Air, over alleged involvement in a ₦1.3 billion fraud. Ranesh's absence from court prompted the federal attorney-general to request a bench warrant, as he faces multiple charges related to conspiracy...
IPMAN highlights a N15 billion debt owed by NNPCL, impacting petroleum supply to marketers. Calls for direct sourcing from Dangote Refinery aim to alleviate pressure amid ongoing fuel shortages across Nigeria.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised alarm...
![[VIDEO] Zenith Bank Customers Protest Over Ongoing Service Failures](/data/attachments/209/209040-ad7f7d6c7a7d813fdf1ac47dc8dd4499.jpg?hash=AddZGjQXES)
Zenith Bank faces widespread customer backlash as ongoing technical issues lead to failed transactions and uncredited funds. Customers fill branches nationwide, demanding resolutions. Frustration mounts on social media, with many threatening to sever ties with the bank amid ongoing service...
Fuel prices in Nigeria have surged to N1,030 per litre at NNPC outlets in Abuja, following the termination of an exclusive purchase agreement with Dangote Refinery. This shift allows other marketers to negotiate prices directly, sparking frustration among motorists amid ongoing economic...
Aliko Dangote emphasized Nigeria's potential as a refining hub at a recent summit, urging the government to enhance crude oil production and manage supplies. He highlighted the nation's capacity to transition from a net importer to a net exporter of petroleum products, aiming to reduce reliance...
![Today's Naira Rate[09-10-2024]: Black Market Dollar Hits New High of N1,680 Against Naira](/data/attachments/209/209013-03a01f2a5d372098353f6d0b323f3995.jpg?hash=PERHMQHP25)
As of October 9, 2024, the black market exchange rate for the US dollar has risen to N1,680 against the Nigerian naira. This significant disparity from the official Central Bank of Nigeria rate highlights ongoing economic challenges, including foreign currency shortages and market volatility...
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