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Author Archives: chineduchof
Teenager spends days in detention over mother’s debt, drags EFCC to...
A 300-level Nursing Science student of Babcock University, Ilishan-Remo, Ogun State, Oluwateniola Omidiji who was arrested by the Economic and Financial Crimes Commission, EFCC, over alleged debt has missed her school exams. The 19-year old...
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CBN orders Nigerian banks to suspend cash deposit charges
The Central Bank of Nigeria has ordered banks to stop charges on cash deposits. The apex bank disclosed this in a May 6, 2024, circular signed by its Director of Banking Supervision, Adetona Adedeji.The apex bank noted that the suspension...
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Tinubu returns to Nigeria after Netherlands, Saudi trips
President Bola Tinubu has returned to Nigeria after his trips to the Netherlands and Saudi Arabia. According to the NTA, Tinubu returned on Wednesday. Chineduoffornewsroundup reported that the Special Adviser on Information and strategy...
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Naira vs Dollar: Nigerian govt eyes stricter sanctions on Cryto businesses
The Nigerian government plans to impose stricter rules on cryptocurrency platforms to defeat the Naira against the dollar in the foreign exchange market. The development comes as the Director General of Nigeria Securities and Exchange,...
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FX crisis: Naira depreciates by N130 against dollar in 24 hours
The Naira depreciated by N130 against the United States dollar at the parallel foreign exchange market on Sunday. A Bureau De Change operator, Mistila Dayyabu, disclosed this to the Chineduoffornewsroundup in an interview.He noted that Naira...
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Nigeria’s currency in circulation hits N3.87tn Q1 as money outside bank...
The value of Nigeria’s Currency in Circulation, CIC, increased to N3.87 trillion at the end of the first quarter of 2024 as money outside the banking system surged. This is according to the latest money and credit statistics on the Central...
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