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  • Former National Assembly Member, Farah Dagogo Laments Plummeting Value Of Naira, Calls For Economic Reforms

    .. Former National Assembly Member, Farah Dagogo Laments Plummeting Value Of Naira, Calls For Economic Reforms

     Dr. Farah Dagogo, a former member of the National Assembly, has voiced his concerns over the drastic depreciation of the Nigerian currency, stating, "The value of ₦40,000 in 2015 is equivalent to over ₦500,000 in today’s Nigeria." Dagogo urged the Federal Government, led by President Bola Tinubu, to implement effective economic
  • Nigeria Police Dismantles Cartel Dealing In Billion-Naira Jewelry Obtained From Robbery Operations In Abuja

    . Nigeria Police Dismantles Cartel Dealing In Billion-Naira Jewelry Obtained From Robbery Operations In Abuja

     The Nigeria Police Force has successfully dismantled a high-value cartel involved in trading jewelry worth billions of Naira, stolen during armed robberies in Abuja and its surroundings.The Force spokesperson, ACP Olumuyiwa Adejobi, revealed in a statement that the breakthrough came after a robbery incident on April 28, 2024, at the residence of a
  • Embattled Nigerian Musician, Naira Marley Urges 'Marlians' To Ignore Critics Amid Controversy

    . Embattled Nigerian Musician, Naira Marley Urges 'Marlians' To Ignore Critics Amid Controversy

     Embattled Nigerian musician, Naira Marley has issued a bold statement to his fans, known as Marlians, urging them to stay true to themselves and disregard public opinion, despite facing his own backlash.This advice follows a turbulent period for Naira Marley, who has been “canceled” by many fans due to his alleged involvement in the death of f
  • EFCC Recovers Billions Of Naira Of Assets From Oil Magnate, Arthur Eze

    . EFCC Recovers Billions Of Naira Of Assets From Oil Magnate, Arthur Eze

     The Economic and Financial Crimes Commission (EFCC) has recovered billions of naira worth of assets from two brothers, Olisaebuka Eze and Onyeka Nnadozie Eze, following a court order.The assets, including 20 properties, 10 vehicles, and three luxury wristwatches, were forfeited to the federal government, according to an EFCC statement on Monday.Th
  • Naira Marley Responds To Backlash Over Mohbad’s Death With Provocative Question

    . Naira Marley Responds To Backlash Over Mohbad’s Death With Provocative Question

     Nigerian rapper Naira Marley has stirred controversy with a provocative question directed at those who have cursed him following the death of his signee, Mohbad. The rapper, who has been under intense scrutiny and criticism on social media for allegedly bullying Mohbad prior to his death, took to his Instagram Stories to share his thoughts.In his
  • Naira Appreciates Against Dollar To N1,488.60

    . Naira Appreciates Against Dollar To N1,488.60

     The naira appreciated against the dollar in the foreign exchange market.According to FMDQ data, the naira was exchanged at N1,481.49 for a dollar on Thursday, compared to N1,488.60 on Wednesday.This represents a slight N7.11 appreciation.Similarly, in the parallel market section, the currency appreciated to N1,485 against the dollar on Thursday fr
  • Naira Abuse: Court Adjourns Case Against Cubana Chief Priest

    . Naira Abuse: Court Adjourns Case Against Cubana Chief Priest

     A Federal High Court in Lagos on Wednesday, further adjourned until June 25 for mention a case against celebrity bartender, Pascal Okechukwu (Cubana Chief Priest), for alleged abuse of the Naira.The Economic and Financial Crimes Commission (EFCC), arraigned Okechukwu on April 17, on a three-count charge of allegedly spraying and tampering with the
  • Naira Marley’s Cybercrime Trial Stalled

    . Naira Marley’s Cybercrime Trial Stalled

     The alleged cybercrime trial of singer, Azeez Fashola a.k.a Naira Marley, was stalled on Thursday at the Federal High Court in Lagos. The trial could not proceed because parties in the suit are still awaiting approval of a fiat by the chief judge of the Federal High Court. The Economic and Financial Crimes Commission is prosecuting Fashola for all
  • Emefiele Didn’t Get Approval To Redesign Naira Says Ex-CBN Director

    . Emefiele Didn’t Get Approval To Redesign Naira Says Ex-CBN Director

     The trial of the immediate-past Governor of the Central Bank of Nigeria, Godwin Emefiele, continued on Tuesday with a former Director of Operations at the apex bank, Ahmed Umar, telling the court that the naira redesign embarked upon by Emefiele late 2022 did not have the approval of the Committee of GovernorsThe Economic and Financial Crimes Comm
  • EFCC Arrests Man For Alleged Naira Abuse In Gombe

    . EFCC Arrests Man For Alleged Naira Abuse In Gombe

     A man identified as Zachariyya Muhammad has been arrested by the Gombe Zonal Command of the Economic and Financial Crimes Commission, EFCC, over the alleged abuse of the Nigerian Naira in the State. Muhammad was arrested on Saturday, May 25, 2024, based on intelligence linking him with the alleged spraying of Naira notes at G- Connect in Tunfure,
  • Naira Remains Static At N1,339 Against Dollar

    . Naira Remains Static At N1,339 Against Dollar

     The naira on Tuesday traded at the same rate of N1,339.33 to a dollar at the official market.Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market, NAFEM, revealed that the naira remained static.This indicated that the local currency neither gained nor lost value as i
  • Man, Osazee Kenneth Convicted & Jailed For Spraying Naira Notes at a Funeral in Edo

    . Man, Osazee Kenneth Convicted & Jailed For Spraying Naira Notes at a Funeral in Edo

     Osazee Kenneth Imagbenikaro has been convicted by Justice C.A. Obiozor of the Federal High Court in Benin City for the offense of spraying naira notes at a funeral ceremony on April 28, 2023. Imagbenikaro admitted guilty to the charges brought against him, which were based on Section 21(3) of the Central Bank of Nigeria (Establishment) Act 2007. T
  • From O2 Arena to Streets - Reactions Trail Video of Naira Marley & Sam Larry At a Street Party

    . From O2 Arena to Streets - Reactions Trail Video of Naira Marley & Sam Larry At a Street Party

     Naira Marley's fall from grace in the music industry following the controversy surrounding the death of Mohbad has been quite stark. Once a prominent figure capable of filling venues like the O2 Arena in London, he is now facing significant backlash and ridicule on social media. The shift in public perception is evident as he struggles to boo
  • EFCC Arrests Woman, Janty Emmanuel For Naira Abuse In Gombe

    . EFCC Arrests Woman, Janty Emmanuel For Naira Abuse In Gombe

     The Economic and Financial Crimes Commission (EFCC) has arrested a woman Janty Emmanuel in Gombe State, North-east Nigeria for allegedly abusing the Nigerian currency.The commission said in a statement on Wednesday that the woman was arrested in Gombe, the Gombe State capital, on Monday, 20 May, following “intelligence that spotted her spraying
  • Emefiele Appears in Court Again Over Printing of N684.5m New Naira Notes With N18.96bn

    . Emefiele Appears in Court Again Over Printing of N684.5m New Naira Notes With N18.96bn

     Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), has pleaded not guilty to charges brought against him by the Economic and Financial Crimes Commission (EFCC). These charges involve the alleged unauthorized approval of the printing of N684.5 million at a cost of N18.96 billion. Emefiele made his plea during his arraignment
  • VIDEO: Singer, Reekado Banks Shows Off His Pending Multimillion Naira Project

    . VIDEO: Singer, Reekado Banks Shows Off His Pending Multimillion Naira Project

     Nigerian singer Reekado Banks has left social media users stunned with his ongoing multimillion-naira projectReekado Banks displays his pending multimillion naira projectIn a recent Instagram post, he shared a video flaunting his impressive project, still under construction.The video features Reekado Banks inspecting the property alongside a compa
  • Ex CBN Gov. Emefiele Faces Fresh Charge Over Printing Of Naira

    . Ex CBN Gov. Emefiele Faces Fresh Charge Over Printing Of Naira

     The Economic and Financial Crimes Commission, EFCC, has preferred a fresh charge against the former Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, over an allegation that he illegally printed Naira notes while he held sway at the apex bankThe anti-graft agency, in the four-count charge it entered before the High Court of the Fe
  • Watch As Naira Marley Dance To Mohbad’s Song Last Night At His Birthday Party

    . Watch As Naira Marley Dance To Mohbad’s Song Last Night At His Birthday Party

     This is the moment Naira Marley danced to Mohbad’s song last night at his birthday partyThe poster who captured the moment, the Marlian Record boss still loves his ex-signee.Recall many accused Naira Marley, Mohbad’s former boss and his friend, Sam Larry of murdering the late singer.They accused them of bullying him till death.Infact the Niger
  • Reactions as Naira Marley and Sam Larry Were Spotted Vibing to Portable's Diss Track About Them

    . Reactions as Naira Marley and Sam Larry Were Spotted Vibing to Portable's Diss Track About Them

     Naira Marley and Sam Larry, two well-known media personalities, have stirred up a response by dancing to a diss track created by Portable specifically targeting them.Portable had previously engaged in a conflict with Naira Marley’s artist, Zinoleesky, leading to the release of a diss track.Despite the controversy, Sam Larry and Naira Marley were
  • EFCC Implements Currency Regulation: Dollar Transactions Halted, Embassies Urged To Adopt Naira

    . EFCC Implements Currency Regulation: Dollar Transactions Halted, Embassies Urged To Adopt Naira

     In a bid to curb the dollarization of Nigeria's economy and safeguard the value of the naira, the Economic and Financial Crimes Commission (EFCC) has taken decisive action, halting dollar transactions for foreign missions operating within the country. Furthermore, Nigerian embassies abroad are urged to transition their financial dealings to t
  • Naira Returns As World Worst-performing Currency Over The Last Months

    . Naira Returns As World Worst-performing Currency Over The Last Months

     Nigeria’s naira has experienced a reversal in its recent gains, emerging as the world’s worst-performing currency over the last month, according to a new Bloomberg report.The Friday report emphasised that this development places increased pressure on the Central Bank of Nigeria to continue raising interest rates.The naira has depreciated to 1,
  • American Express Announces Nigeria’s First Business Card Amid Naira Crisis

    . American Express Announces Nigeria’s First Business Card Amid Naira Crisis

     American Express Co. has launched its inaugural business credit card in Nigeria amid the foreign exchange crisis.The international firm is partnering with a Nigerian firm, neobank O3 Capital Nigeria Limited, potentially enhancing access to dollar transactions in the West African country.The unveiling happened in Lagos on Thursday.The business card
  • Naira Prostrates Further Against Dollar Despite EFCC Raid On Speculators

    .. Naira Prostrates Further Against Dollar Despite EFCC Raid On Speculators

     The naira further depreciated against the US dollar despite the Economic and Financial Crimes Commission’s clampdown on foreign currency speculators in the FX market.FMDQ data showed that the naira dipped to N1,421 per dollar on Wednesday from N1416.57 on Tuesday.The figure represents a N4.46 depreciation against the dollar on a day-to-day basis
  • EFCC Raid Abuja Forex Market, Arrests BDC Operators as Naira Hits 1,416 Per Dollar

    . EFCC Raid Abuja Forex Market, Arrests BDC Operators as Naira Hits 1,416 Per Dollar

     Tensions are running high between the EFCC and the BDC operators in the Wuse Zone 4 market. The traders' frustration is palpable, as they feel targeted and unfairly treated by the anti-corruption agency. The resistance to the arrests indicates a growing discontent among the traders, who perceive the raids as mere extortion tactics rather than
  • Senator Okpebholo Caught On Camera Spraying Naira Notes At Event; Coalition Petition EFCC Over Abuse

    . Senator Okpebholo Caught On Camera Spraying Naira Notes At Event; Coalition Petition EFCC Over Abuse

     A collective of civil society organizations within Nigeria, operating under the Network of Civil Society Organizations, has called upon the Economic and Financial Crimes Commission (EFCC) to conduct an investigation into Senator Monday Okpebholo. The senator was captured on video allegedly 'spraying' naira notes.Okpebholo is the senator
  • Focus On Fall Of Naira, Insecurity – Charly Boy Drags Onanuga For Tagging Peter Obi As ‘Bitter’

    . Focus On Fall Of Naira, Insecurity – Charly Boy Drags Onanuga For Tagging Peter Obi As ‘Bitter’

     Veteran musician Charles Oputa, also known as Charly Boy, has chastised Bayo Onanuga, President Bola Tinubu’s Special Adviser on Information and Strategy.This is coming after Onanuga called the presidential candidate of the Labour Party in the last election, Peter Obi as “bitter”.Onanuga had referred to Peter Obi as “Bitter Obi” while qu
  • Naira Abuse: Stay Out Of EFCC Wahala – Cubana Chief Priest Advises After Resolving Case

    . Naira Abuse: Stay Out Of EFCC Wahala – Cubana Chief Priest Advises After Resolving Case

    Nigerian celebrity barman and businessman, Pascal Chibuike Okechukwu, popularly known as Cubana Chief Priest, has narrated his ordeal with the Economic Financial Crime Commission EFCC.The EFCC and the famed socialite have achieved an out-of-court settlement of an alleged naira misuse case filed against him.The out-of-court settlement was made publ
  • "It’s Naira Govt Said We Shouldn’t Spray, Not Perfume" - Comedian Sabinus Warns Fans

    . "It’s Naira Govt Said We Shouldn’t Spray, Not Perfume" - Comedian Sabinus Warns Fans

     Nigerian comedian Sabinus, popularly known as Mr Funny, has taken to social media to address Nigerians’ decreasing use of perfume and body spray.Sabinus noted the Nigerian government’s caution against spraying money, relating it with the neglect of personal hygiene practices such as using fragrance and shaving armpits.Expressing concern, Sabin
  • Naira Abuse: Court Fixes Date For Report Of Settlement In Case Against Cubana Chief Priest

    . Naira Abuse: Court Fixes Date For Report Of Settlement In Case Against Cubana Chief Priest

     A Federal High Court in Lagos has fixed June 5 for a report of settlement in a case against celebrity bartender, Pascal Okechukwu, popularly known as Cubana Chief Priest, over alleged abuse of the naira.The Economic and Financial Crimes Commission (EFCC) had on April 17 arraigned Okechukwu on three counts of allegedly spraying and tampering with t
  • BDCs President, Gwadabe Reveals How Naira Can Return To Below N1,000 Per Dollar In An Exclusive Interview

    . BDCs President, Gwadabe Reveals How Naira Can Return To Below N1,000 Per Dollar In An Exclusive Interview

     The National President of the Association of Bureaux De Change of Nigeria, ABCON, Dr Aminu Gwadabe, in this exclusive interview with DAILY POST’s Correspondent, Ariemu Ogaga, speaks on the reason for recent Naira depreciation and solutions to attaining foreign exchange stability in Nigeria. Excerpts:In the past two weeks, Naira depreciation res

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