CBN Consolidates Financial Market Reform Gains
CBN Governor Yemi Cardoso outlines progress in Nigeria's financial reforms as naira stabilizes, inflation drops to 16.05%, and reserves hit $46.7 billion. Learn how these gains impact Nigeria's economy.
Category : Search result: Naira abuse
CBN sells $36.60m to banks amid naira depreciation
Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.
NDDC Fights Drug Abuse in Akwa Ibom Schools
NDDC partners with Blake and Harper Ltd to launch anti-drug abuse campaign across Akwa Ibom schools. Initiative targets youth substance abuse with awareness walks and educational programs.
Naira crashes to N1,443.91/$ as festive demand surges
Naira depreciates across all market segments as year-end FX demand intensifies. Expert analysis reveals why the pressure may continue through December despite rising external reserves.
16 Banks Meet CBN Recapitalisation Target
CBN reveals 16 banks have successfully met recapitalisation requirements as Governor Cardoso updates on monetary policy, forex gains, and economic progress.
Naira Appreciates Against USD as CBN Lists Achievements
Naira strengthens against US dollar in official and parallel markets. CBN Governor Cardoso highlights narrowed exchange rate spreads and growing investor confidence in Nigeria's economy.
Reps Demand EFCC Account for Seized Crude Oil
House of Representatives committee presses EFCC for full details on crude oil seizures and sales under Naira-for-Crude Policy. Hearing adjourned to December 4.
Naira Strengthens to N1,441/$ Amid CBN Policy Hold
Naira appreciates to N1,441/$ following CBN's decision to maintain MPR at 27%. Analysis of monetary policy impacts on currency stability and inflation control. Read more.
Delta Father Seeks Justice for Daughter's Sexual Abuse
Father of 3-year-old girl speaks out after mother allegedly sexually abused their child in Warri. Police confirm broken hymen and STI. Case now in court amid bail controversy.
Life sentence for South Korean cybersex blackmail kingpin
South Korean court sentences Kim Nok-wan to life imprisonment for operating massive Telegram-based cybersex blackmail ring that exploited 261 victims, including minors. Details inside.
Mother arrested for sexually assaulting daughter in Delta
28-year-old mother arrested in Delta State for sexually assaulting her 3-year-old daughter, transmitting STI. Police confirm case after father's report. Shocking details emerge.
68.9 million Nigerians face online abuse - Report
FAME Foundation reveals 68.9 million Nigerians experience digital violence, with women and girls disproportionately affected. Join the 16-day activism to end online abuse.
Naira Exchange Rate: CBN Sets N1,453/$ Amid $250M Injection
Naira strengthens against US dollar in official market, closing at N1,453.84/$1 after CBN's $250 million intervention. Get latest forex updates and market analysis.
Conductor Gets Fake Wedding Naira Notes as Payment
A Nigerian conductor was reportedly paid with fake N1000 notes featuring wedding couple photos and 'Central Bank of Love' inscription. The incident sparks social media outrage.
Man locks girlfriend's shop in Umuahia, threatens her
A man in Umuahia locked his girlfriend's shop and threatened violence if she touched the key. Human rights activist Ochiegbu Marvelous intervened and opened the business. Read the full story.
Sell Bitcoin to Naira Instantly with Monica Cash
Convert Bitcoin to Naira instantly with Monica Cash. Get the best BTC to NGN rates, enjoy 0% fees, and secure transactions. Over 500,000 Nigerians trust us. Learn more!
CBN: Economy Improving But More Work Needed
CBN Deputy Governor Emem Usoro reports inflation at 16.05%, naira below ₦1500/$ but says Nigerians yet to feel relief. Calls for fiscal-monetary policy alignment.
Former Canadian Cop Pleads Guilty to Database Abuse
Former Regina police sergeant Robert Semenchuck admits using law enforcement databases to pursue relationships with dozens of women. Sentencing set for January 23.
Nigerians spend $1.39bn on foreign education in 6 months
CBN data reveals Nigerians spent $1.39 billion on overseas education in H1 2025, a 20% increase from 2024. This nearly equals Nigeria's entire 2025 education budget. Read analysis.
Naira weakens to N1,456.72/$ as economy faces pressure
Naira depreciates by 0.98% to N1,456.72/$ amid dollar demand and structural challenges. Nigeria's foreign reserves rise to $44.12 billion despite oil price decline. Learn more about the economic outlook.
Naira loses N14.29 to dollar as trading week ends low
The Nigerian naira weakened significantly against the US dollar, closing at N1,456.72 despite rising foreign exchange reserves hitting a 7-year high. Get the latest market analysis and exchange rates.
Zinoleesky Questions Future at Marlian Music in Post
Nigerian singer Zinoleesky drops disturbing message about feeling powerless in music industry, fueling speculation about departure from Naira Marley's Marlian Music label.
Epstein's Deformed Penis Revealed by Victim
Jeffrey Epstein victim Rina Oh describes his extremely deformed, lemon-shaped penis in disturbing new interview. Learn the shocking details about the convicted pedophile.
NDLEA nabs 230 suspects, seizes drugs in Kano
NDLEA Kano intercepts 230 suspects and illicit substances in a major 30-day crackdown. The operation, involving multiple agencies, targeted drug hotspots, reducing crime. Read more.
Father beats daughter to death over food in Ghana
Isaac Adonteng, 54, arrested for murder after beating his daughter Celestine for taking siblings' food. Police warn against excessive child discipline. Read full details.
CBN Issues Naira Handling Warning for Christmas Season
Central Bank of Nigeria urges citizens to stop spraying, mutilating naira notes during festive period. CBN describes currency as vital national symbol requiring proper handling.
Hospital Cleaner Poses as Doctor, Abuses Woman in Ogun
Ogun Police arrest Victor Cletus, a 28-year-old hospital cleaner who posed as a surgeon on Snapchat to defraud and sexually abuse a young woman. Stay safe online.
CBN Injects $50m to Stabilize Naira Amid Dollar Demand
The Central Bank of Nigeria has intervened with $50 million forex injection to stabilize the naira as currency volatility continues. Learn how this affects Nigeria's economy.
Naira Recovers Against Dollar as FX Reserves Soar
Naira strengthens against US dollar after recent decline, closing at N1,452.13. Nigeria's foreign reserves hit $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.
Reps Threaten Arrest in Naira-for-Crude Probe
The House of Representatives issues a 7-day ultimatum to MDAs, threatening arrest warrants for non-compliance with the Naira-for-Crude Oil policy investigation. Full details on the escalating standoff.
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