Nigeria's premier information spot.
I’ll always thank MMM for saving my family from financial struggles in 2016
No Comments 305 Views | by Liz Ajala
Some residents of the Federal Capital Territory (FCT), on Tuesday expressed happiness with the return of MMM, but say its new system of payment has dampened their moral. Read More…
Ekiti civil servant commits suicide over unpaid salary
No Comments 256 Views | by Liz Ajala
A senior civil servant with Ekiti State Government, Mr. Tope Afolayan, has committed suicide over alleged unpaid salaries and his inability to pay his huge debt, a reliable source confirmed. Read More…
I’m not the owner of MMM Nigeria, i just direct people to the website – Mbanefo
No Comments 247 Views | by nadum
Pastor Ernest Mbanefo, the alleged brain behind the ponzi scheme making waves in Nigeria has denied ownership of the scheme. Read More…
Naira official rate to dollar jumps to N305
No Comments 271 Views | by nadum
The Naira on Monday gained 50k to exchange at N305.00 to a dollar at the interbank market. Read More…
Naira weakens to 470 on fresh dollar shortage
No Comments 256 Views | by nadum
The naira tumbled to 470 against the United States dollar on Wednesday, down from 455 on Tuesday as fresh dollar shortage hit the official and parallel foreign exchange markets. Read More…
BITCOINS* is the *GOLD* of our time.
No Comments 211 Views | by nadum
🅱 *BITCOINS* is the *GOLD* of our time…. Read More…
Naira now N304.75 to a dollar
No Comments 261 Views | by nadum
The Nigerian currency today gained at the dollar opening rate at the Financial Markets Dealers Qoute (FMDQ). Read More…
CBN suspends 19 banks from forex sale to BDCs
No Comments 206 Views | by nadum
The Central Bank of Nigeria (CBN) has suspended all the banks, with the exception of First Bank, from selling dollar proceeds of International Money Transfer Services, IMTS, to Bureaux De Change, BDCs. Read More…
Naira gains, now exchanging for 468/$1
No Comments 247 Views | by nadum
The naira appreciated against the dollar at the parallel market on Tuesday, closing at N468 to a dollar. Read More…
Recession: IMF offers Nigeria, others zero-interest loans
No Comments 703 Views | by nadum
The International Monetary Fund is prepared to lend money to Nigeria and other countries facing economic crisis at zero interest rate in order to stimulate their recovery. Read More…
Naira gains against dollar
No Comments 233 Views | by nadum
The Naira on Wednesday appreciated against the dollar in all the segments of the foreign exchange market. Read More…
Naira plunges to 440 to 1 dollar
No Comments 263 Views | by nadum
The naira was sold at the parallel market for 440 per dollar on Sunday, as the lingering foreign exchange scarcity increased to a new level. Read More…
Nigeria’s debt rises by N4.17 Trillion in one year
No Comments 263 Views | by nadum
The country’s debt profile has risen to N16.29tn, the Debt Management Office has said. Read More…
CBN denies liquidating Skye Bank, says not distressed
No Comments 322 Views | by nadum
The Central Bank of Nigeria (CBN) has advised customers and other stakeholders of Skye Bank to disregard any message purporting a liquidation of the bank. Read More…
First Bank, UBA, Fidelity, Ecobank sell forex to 350 BDCs
1 Comment 676 Views | by nadum
Not less than four commercial banks yesterday disbursed the first batch of Diaspora inflow-related foreign exchange (forex) to over 350 bureaux de change (BDCs), it was learnt. Read More…
Cheques can now be paid into savings accounts – CBN
No Comments 370 Views | by nadum
The Central Bank of Nigeria on Tuesday released four new guidelines for the banking industry, top of which was an approval for bank customers to make cheque deposits into their savings accounts. Read More…
States, local governments get N2.8 trillion in President’s first year
No Comments 301 Views | by nadum
A new report has disclosed that the 36 states and the 774 local government councils in Nigeria shared N2.8 trillion from the Federation Account in the one year of President Muhammadu Buhari’s administration. Read More…
Nigerian Naira falls further, now ₦357/$1
No Comments 399 Views | by nadum
The Naira on Monday weakened further against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. Read More…
Naira stabilizes at N350 to a dollar
No Comments 248 Views | by nadum
The Naira on Friday remained stable at the parallel market, exchanging at N350 to the Dollar, the News Agency of Nigeria (NAN) reports. Read More…
FG plans on Yuan forces dollar rate down – Bureau de Change Association
No Comments 293 Views | by nadum
The President, Association of Bureau De Change Operators of Nigeria, Mr Aminu Gwadabe said the Federal Government’s plan to increase the availability of renminbi (Yuan) was already favouring the Naira against the dollar. Read More…
CBN aims to withdraw N1 Trillion from circulation
No Comments 290 Views | by nadum
The Central Bank of Nigeria (CBN) has disclosed it readiness to pull out up to N1 trillion from circulation in a bid to stabilise the economy. Read More…
Naira sells at N321 to dollar at parallel market, N197 at CBN
No Comments 292 Views | by nadum
The Naira on Monday continued to exchange at N321 to the Dollar at the parallel market. Read More…
Naira maintains exchange rate of ₦322 to a dollar
No Comments 385 Views | by nadum
The Naira on Wednesday, maintained its exchange rate at N322 to a dollar. It also remained firm against the two other major currencies, the pounds sterling which exchanged at N448 and the\euro which sold for N355. Read More…
N5m falls off moving bullion van in Lagos
No Comments 353 Views | by nadum
Men of the Lagos State Environmental Sanitation and Special Offences Unit, (Task Force) have recovered N5 million that fell-off a moving bullion van along Lagos State House of Assembly Complex, Read More…