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  • 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
  • The Biggest Mess Created In 2023 Was Devaluation Of Naira – Aliko Dangote

    . The Biggest Mess Created In 2023 Was Devaluation Of Naira – Aliko Dangote

     Aliko Dangote, the Chairman of Dangote Industries Limited, recently addressed shareholders during the annual general meeting of Dangote Sugar Refinery Plc, shedding light on the hurdles faced by the company in 2023. Chief among these challenges was the devaluation of the Nigerian Naira, which he described as the "biggest mess" for both D
  • VIDEO: Nigerian Lady Shows Off Naira Notes She Picked At Various Nightclub

    . VIDEO: Nigerian Lady Shows Off Naira Notes She Picked At Various Nightclub

     A Nigerian lady has taken to TikTok to show off bundles and wraps of 100 naira notes she has picked up at various nightclubs.The video, recently shared on her  page, is captioned: “Unto say I pick money for club.” In the video, the lady could be heard thanking God while also addressing someone who advised her against picking up #100 note
  • Naira Strengthens As It Gains N28.15 Against Dollar

    . Naira Strengthens As It Gains N28.15 Against Dollar

     The Naira ended April on a positive note, strengthening by N28.15 against the dollar to trade at N1,390.96.Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the gain represented a 1.98 per cent appreciation for Naira.The percentage increase
  • Controversial Pastor, Indaboski Bahoose Pledges To Bolster Naira, Targets Dollar Crash On Return From UK Show (Video)

    .. Controversial Pastor, Indaboski Bahoose Pledges To Bolster Naira, Targets Dollar Crash On Return From UK Show (Video)

     Upon his return to Nigeria following a highly publicized event in the United Kingdom, Pastor Chukwuemeka Odumeje, popularly known as Indaboski Bahoose, has set tongues wagging with his ambitious pledge to once again influence the currency markets, vowing to fortify the Naira and drive down the Dollar.Prior to his sojourn to the UK, Pastor Odumeje&
  • “My Hatred For Mohbad Keeps Increasing” - Naira Marley’s Associate Causes Stirs

    . “My Hatred For Mohbad Keeps Increasing” - Naira Marley’s Associate Causes Stirs

    An associate of Naira Marley, Law Lee has made headlines after revealing his hatred for the late Mohbad has increased. Nigerian artist Naira Marley, is back in the headlines following a disparaging remark made by one of his associates, Law_lee101, on the late Oladimeji Aloba, also known as Mohbad.Recall that Naira Marley and his group have been un
  • Traders Count Losses As Fire Destroy Goods Worth Billions Of Naira In Edo

    . Traders Count Losses As Fire Destroy Goods Worth Billions Of Naira In Edo

     Traders at Ekiosa Market in Benin City, Edo State, have begun tallying their losses in the wake of the fire that engulfed a section of the market in the early hours of Tuesday.Daily Post reports that the market, located by Third Junction, Murtala Muhammed Way, has about 20 shops housing various items estimated to be billions of naira, destroyed by
  • Naira Slumps Against Dollar To N1,300 In Official Market

    . Naira Slumps Against Dollar To N1,300 In Official Market

     The Naira depreciated on Tuesday, April 23, in the Nigerian Foreign Exchange Market, NAFEM, to N1,300.15 per dollar, exceeding the parallel market rate by N45.15. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,300.15 per dollar from N1,234.49 per dollar last week Friday, indicating N65.66 depreciation for the naira. S
  • Niger: Gov Bago Dragged For Spraying Naira Notes At Citizens

    . Niger: Gov Bago Dragged For Spraying Naira Notes At Citizens

     Governor Mohammed Umar Bago of Niger State has attracted backlash after a video of him throwing naira notes at his supporters emerged on the internet.Bago was seen standing through the roof of a moving vehicle and throwing the notes in the air as his supporters scrambled to pick them.His action has infuriated citizens of the state including civil
  • Naira Abuse: I’m Only Artist Who Stops Supporters From Spraying Me Says Seun Kuti

    . Naira Abuse: I’m Only Artist Who Stops Supporters From Spraying Me Says Seun Kuti

    Seun Kuti, a Nigerian artist, has claimed that he is the only musician in Nigeria that prevents fans from spraying him with cash notes while playing.He further alleged that many performers, particularly fuji musicians, laud people in songs during their performances solely so they can be sprayed.Kuti made the assertions in the context of the Econom
  • Comedian, AY Makun Splashes Millions of Naira on Brand New Range Rover Amid Divorce Saga

    . Comedian, AY Makun Splashes Millions of Naira on Brand New Range Rover Amid Divorce Saga

     Ayodeji Richard Makun, also known by his stage name A.Y, is a Nigerian actor, comedian, radio and TV presenter, writer, producer and film director has purchased a foreign used 2019 Land Rover Range Rover Vogue 5.0 V8 Autobiography a few days after years of trying to knit and weave the fabric of their 15-year-old marriage together, the seam has fin
  • VIDEO: Zinoleesky Acquires A Multimillion Naira Mansion For His 24th Birthday

    .. VIDEO: Zinoleesky Acquires A Multimillion Naira Mansion For His 24th Birthday

     Nigerian singer, Zinoleesky reportedly acquires a massive mansion worth over N500 million for his 24th birthday todayZinoleesky acquires a multimillion naira mansion for birthday Malian record boss, Naira Marley shared the video of his acquisition on Instagram.The duo were seen dancing and celebrating in the video.Naira Marley wrote in the caption
  • Lawyer With BSc Drops A Memo For EFCC & Nigerian Lawmakers Over Naira Abuse Brouhaha

    . Lawyer With BSc Drops A Memo For EFCC & Nigerian Lawmakers Over Naira Abuse Brouhaha

     Comedian Mr Jollof dropped a serious but funny message on Instagram for the Economic and financial crimes commission.....Netizens are asking him what his degree is.....He says ' 'Abuse of Naira doesn’t affect the price of garri in the market. Our law makers should amend laws that is strict on the citizens not only sharing constituency
  • 'They’ve Lost Focus' - Charly Boy Blasts EFCC Over Recent Fight Against Naira Abuse

    . 'They’ve Lost Focus' - Charly Boy Blasts EFCC Over Recent Fight Against Naira Abuse

     Charles Oputa, often known as Charly Boy, a popular Nigerian activist, has slammed the Economic and Financial Crimes Commission (EFCC) for charging businessman Cubana Chiefpriest with Naira abuse.He accused the anti-corruption agency of engaging in “frivolous shenanigans to distract Nigerians.”He then questioned why the EFCC is pursuing people
  • Video of Davido, Shallipopi Spraying Naira Notes Hits The Internet Amid EFCC Crackdown

    . Video of Davido, Shallipopi Spraying Naira Notes Hits The Internet Amid EFCC Crackdown

     Operatives of the Economic and Financial Crimes Commission have been tagged to recent video of Nigerian singer Davido and Shallipopi spraying money at a club. This followed EFCC's crackdown on naira abusers after it jailed socialite Bobrisky for abusing the naira.In the trending video, Shallipopi was seen spraying money alongside Davido. Reca

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