Naira

Chef Martin Onovo, the 2015 presidential candidate of the National Conscience Party (NCP), has said that the Lagos Masterplan is stale and has failed woefully.

The Lagos State Police Command said it had arrested four suspected kidnappers who allegedly collected N6 million from their victims.

Nigeria and Ghana are working hand in hand to build a better trade relation despite the recent trade crisis faced by Nigerians.

The Naira on Tuesday appreciated against the dollar at the parallel market, exchanging at N360 to the dollar, stronger than N361 posted on Monday.

The Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele, says maintaining stable exchange rate to avoid depreciation of the Naira is better than building foreign reserve buffers.

President Muhammadu Buhari has frowned at the activities of some individuals using religion and ethnicity for cheap political gains, saying such persons were fraudulent politicians and should not be trusted.

Following the declaration of the results of Wednesday’s local government elections in Plateau State by Chairman of the state’s Independent Electoral Commission (PLASIEC), Mr. Fabian Ntung, there now reins terror in the state as PLASIEC office in Bassa Local Government Area and vehicles have been set on fire.

Determined to forestall the illicit sales of Nigeria’s currency, men of the Nigeria Police and officials of the Central Bank of Nigeria (CBN) have arrested five persons in Ondo State.

Nigerians who sell new naira notes or spray cash at parties will now be tried at mobile courts and sent to six months jail as the Central Bank of Nigeria (CBN) mulls increasing the number of items on the not eligible for foreign exchange.

To curb the hawking and reckless abuse of the Naira, the Central Bank of Nigeria (CBN) is working with the law enforcement agencies, the judiciary and the Federal Ministry of Justice to set up mobile court that will try the Naira offenders on the spot.

The Naira on Thursday appreciated marginally against the dollar at the Investors’ Window (I & E), exchanging at N363. 57, stronger than N363.94 posted on Wednesday.

A 31-year old businessman, Bonny Ifeuwabunike, has been arraigned before a Lagos Magistrate Court for allegedly obtaining $45,000 from two customers on pretext of helping them to convert the money to naira equivalent, but instead allegedly converted the dollars to his use and escaped.

The Peoples Democratic Party has said President Muhammadu Buhari’s administration has no rectitude to preside over the nation’s Independence Anniversary as its insensitivity, impunity and oppressive proclivities are reminiscent of colonial rule.

President Muhammadu Buhari says his administration is making progress in the fight against corruption as shady oil deals and the brazen theft of billions of Naira are no more.

There has been a steady improvement in the security situation in the North East. We remain committed to ending the crisis and make the North East safe for all.

Augustus Akpan, a 43-year-old multi-lingual native of Akwa Ibom State, was arrested in Lagos after police tracked the phone he used in sending the messages.

The Naira on Wednesday depreciated marginally against the dollar at the investors’ window, trading at N364, weaker than N363.72 posted on Tuesday.

The Naira on Monday weakened against the dollar at the investor’s window, exchanging at N364.28, weaker than N363.68 traded on Friday.