Cashless Nigeria Suspended : CBN

Cashless Nigeria Suspended : CBN

The Cashless Policy of the Central Bank Of Nigeria has been suspended indefinitely, In respect to a press released and signed by the director of Banking and payments system department of CBN, Dipo Fatokun, The Apex bank has called on banks to revert to old charges and possibly refund all charges to customers who had […]

CBN VS IMF : Floating Option Is Not An Option

CBN VS IMF : Floating Option Is Not An Option

The Central Bank of Nigeria has emphasized that the floating of the nations currency which is the Naira is not an option and will never be an option. The Apex bank which said this during the weekend stated the fact that most countries like Egypt and Angola which threaded this terrain of floating their currencies […]

Dollar Loses 5 Points To Naira

Dollar Loses 5 Points To Naira

Today, the dollar lost 5 points against the naira in all the major segments of the market. Officially, the Nigerian currency has gained five points to exchange at N385 to the Dollar from the N390 recorded on Wednesday. The Pound Sterling and the Euro traded at N495 and N410, respectively. At the Bureau De Change (BDC) […]

Central Bank Of Nigeria Boosts Dollar Sale

Central Bank Of Nigeria Boosts Dollar Sale

In the black market, Nigeria’s naira gained more ground on Thursday as traders prepared for the central bank to increase the dollar supply for exchange bureaux to keep the official retail rate higher. The black market rate strengthened 1.27 percent to 395 naira to the dollar. The central bank plans to sell $20,000 each to bureaux […]

Chanchangi Airline Boss Is Dead

Chanchangi Airline Boss Is Dead

Alhaji Ahmadu Chanchangi, The Chairman of Chanchangi Airlines, is dead. The Kaduna-based billionaire died along Kaduna-Abuja Road, on his way to a hospital in Abuja. Meanwhile, President Muhammadu Buhari has extended his condolences to the Chanchangi family, describing the aviation icon as a business mogul and one of Nigeria’s outstanding philanthropists. A family member said: “He […]

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