Naira depreciated against the dollar on the black market on Monday by N2, according to data gleaned from abokiFX.com, a website that collates parallel market rates in Lagos. The local currency exchanged for dollar currency at N482, N2 or 0.41 per cent weaker than N480, the rate it traded on Friday. The new parallel market
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The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of Diaspora remittances into the country. The CBN’s Director of Trade and Exchange Department, Saleh Jubrin, who announced the scheme tagged: “Naira 4 Dollar Scheme,” in a circular to banks in the country, said it would allow all recipients of Diaspora
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The Ogun state police command arrested two suspects in connection to an alleged fake dollar fraud in Ota area of the state. The suspects identified as Chika Kasarachi and Ifeanyi Okechuckwu, were arrested following a complaint lodged by one Omeh Chidebere Ishoke at Sango police station. Recalling how he was lured to the suspect’s hideout
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