Japa: FG should make pounds, dollars accessible to Nigerians studying abroad – UK-based don
A Nigerian scholar in the United Kingdom, Dr Dele Ogundana has called on the President Bola Tinubu's administration to make policies that will enhance accessibility of foreign currencies to Nigerian residents abroad.
Nigerian Scholar solves 156-Year-old problem in Maths
The 156 years old Riemann Hypothesis, the most important problem in Mathematics has been successfully solved by Nigeria Scholar, Dr Opeyemi Enoch.
Rio 2016 Olympics: AFN baits athletes with dollars
Athletics Federation of Nigeria (AFN) has released entry standards for athletes intending to represent Nigeria at the 2016 Olympic Games in Rio, Brazil.
Idle dollars outside the economy
For over five weeks now the Nigerian foreign exchange system has been on drama sketch. It is unbelievable that at a time of harsh economic circumstances manifesting in the form of sharp decline in foreign exchange earnings from oil revenue, soaring inflation and interest rates, a slump in gross domestic products (GDP), rising unemployment, mounting salary arrears amongst many economic woes, the banking industry is complaining of excess dollar cash up to US$5 billion (approximately N1 trillion) either stuck in some people’s hands or lying idle in bank vaults as a result of a foreign exchange directive.
Return our stolen money, Dogara tells Western nations
THE Speaker of the House of Representatives, Yakubu Dogara, has called on the international community especially Western nations to help return billions of dollars looted from Nigeria.
Guess who is dollarising the economy
Any patron of Bureau de Change may find that a difference of about N10 per dollar now exists between the official rates of N155 per dollar ex-Central Bank, and about N165/dollar in the open market. This is in place of the permitted 1 per cent markup officially allowed to commercial banks on dollar purchases ex-CBN.
