Dollar
A stern warning has been given by the Economic and Financial Crimes Commission, EFCC, on Monday to organizations transacting with dollar or any foreign currency that they risk being sent to jail. The agency during its latest edition of its monthly e-magazine made this known through its chairman Ola Olukoyede, that anyone caught using […]
A first-class Royal Father in Delta State and retired Air Vice Marshal, His Royal Majesty, Lucky Ararile, Ovie of Umiaghwa Abraka in Delta State, has expressed support for the various economic policies which President Bola Ahmed Tinubu is putting in place to lift the country from the doldrum, especially the attempts to stabilize the […]
Oil prices jumped on Friday after health authorities in China, top crude importer, eased tight COVID-19 rules. At 09.00 GMT+1, Brent crude futures rose 2.34 percent to $95.87 a barrel, while US West Texas Intermediate (WTI) crude futures gained 2.61 percent to $88.77 a barrel. Years after the outbreak of the COVID-19 pandemic, China […]
The British pound has fallen to its lowest level against the U.S. dollar since 1985. The currency fell to $1.1407 on Wednesday afternoon — a level not seen since the premiership of Margaret Thatcher. The United Kingdom (UK) is said to be battling double-digit inflation, an energy crisis, and a possible recession. The pound’s […]
The Central Bank of Nigeria, CBN, has said it has extended its Naira-4-Dollar scheme until further notice. The apex bank disclosed this in a circular titled: “Re: Introduction of the CBN’s “Naira 4 Dollar Scheme” for Diaspora Remittances.” The circular, signed by Director, Trade and Exchange Department, CBN, Saleh Jibrin, stated: “Further to the […]
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