Nigerian newspapers review: CBN probes banks over restriction of customers’ assets to FX accounts
In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with the Central Bank of Nigeria (CBN) looking into restrictions imposed by some banks on customers in order to compel banks to honour all legitimate withdrawal requests from domiciliary accounts and dispense foreign currencies as requested by account holders.
Naira down to N1,555/$ in parallel market
The Naira yesterday depreciated to N1,555 per dollar in the parallel market from N1,545 per dollar last week Friday. Similarly, the Naira depreciated to N1,577.29 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Top 10 richest crypto billionaires in the world 2024
Since cryptocurrencies emerged, a few individuals have become key players in the industry, accumulating significant wealth along the way.
LG Autonomy: NASS will legislate to ensure INEC conduct local council’s election – Karimi
CHAIRMAN, Senate Services Committee, Senator Sunday Karimi, APC, Kogi West has disclosed that the National Assembly would soon work on the transfer of the responsibility of the conduct of elections to the local councils from the various state electoral bodies to the Independent National Electoral Commission (INEC).
Naira depreciation escalates manufactured goods imports 139% to N5.74trn
The importation of manufactured goods into Nigeria surged astronomically by 139 per cent, year-on-year (YoY), to N5.4 trillion in the first quarter of 2024 (Q1’24) from N2.40 trillion in the corresponding period of 2023 (Q1’23).
Consumer spending down as Nigerians remain gloomy on economy
increasing weight of unfavourable economic condition owing to weakening purchasing power has moved Nigerians into a state o…
