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EFCC drags Stallion Motors, MD to court over alleged N1.275bn ‘gift’ to PDP

The Economic and Financial CrimesCommission (EFCC) has filed charges at the Federal Capital Territory High Court against Stallion Motors Limited and its Managing Director, Hapreet Singh, for allegedly offering a gratification of N1.275 billion to the Peoples Democratic Party (PDP) for the 2015 polls.

Naira closes at N360.54 per dollar at investors’ window

The Naira on Thursday traded at N360.54 to a dollar at the investors’ window.

Naira exchanges at N360.56 against dollar at investors’ window

The Naira on Wednesday traded at N360.56 against the dollar at the investors’ window, the News Agency of Nigeria (NAN) reports.

Naira to hit N360 per dollar at investors’ forex market

The naira is expected to firm slightly to 360 per dollar at the Central Bank of Nigeria’s Investors and Exporters Foreign Exchange window next week as trading picks up after the Christmas and New Year holidays.

Political spending may threaten Naira stability in 2018 – ABCON

President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has warned that spending by politicians ahead of the 2019 General Elections may threaten the stability of the naira.

Central bank injects $210m to boost forex liquidity

The Central Bank of Nigeria (CBN) has again intervened in the foreign exchange market as the external reserves of the country hit a three year high at $38.2 billion.

Naira maintains N362.5 to dollar at parallel market

The Naira on Tuesday maintained N362.5 to the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.

Central bank sustains Forex liquidity, pumps in $195m

The Central Bank of Nigeria has continued its sustenance of FOREX liquidity by injecting another $195 million into the inter-bank Foreign Exchange Market, even as the Naira maintains its strength.

Central bank strengthens forex market stability with $195m

The Central Bank of Nigeria (CBN) on Monday, injected 195 million dollars into the inter-bank Foreign Exchange (Forex) Market.

How ex-NAF chief Adesola Amosu, cronies diverted N21bn – EFCC

An investigating officer with the Economic and Financial Crimes Commission (EFCC), Tosin Owobo, on Tuesday told a federal high court in Lagos how N21 billion belonging to the Nigerian air force was moved into some private companies’ accounts.

Central bank injects fresh $308.5m into forex market

The Central Bank of Nigeria (CBN) has continued to sustain liquidity in the foreign exchange (forex) market as it intervened once more yesterday with $308.5m.

Naira depreciates marginally against dollar

The Naira on Thursday depreciated marginally against the dollar at the parallel market, exchanging at N365.5 to the dollar.

Naira maintains N367 the the dollar at parallel market

The Nigerian currency maintained its Friday rate, while the Pound Sterling and the Euro traded at N478 and N433 respectively.

Why CBN interventions fail to save Naira – experts

Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions by the Central Bank of Nigeria in the foreign exchange market.

Naira falls against dollar at parallel market

The naira on Thursday continued to fall against the dollar at the parallel market, the News Agency of Nigeria reports.

Naira sustains gain at parallel market

The naira on Wednesday appreciated against the dollar at the parallel market, exchanging at N363 to the dollar from the N364 posted on Tuesday.

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