Fx liquidity: CBN sells $10,000 to 1,583 BDCs at N1,021 rate
The Central Bank of Nigeria has approved the sale of an additional 10,000 dollars to 1,583 eligible Bureaux De Change (BDCs) in the country to meet market demands.
Naira in free fall as dollars scarcity paralyses activities at parallel market
The Naira on Monday fell freely at the parallel market, as scarcity of dollars paralysed activities.
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.
