The Central Bank of Nigeria (CBN) has called for immediate action to curb the practice due to the growing trend of illicit ...

Cardoso emphasized that illegal transactions involving banknotes, with premiums ranging from 20% to 40%, are weakening the ...

President Bola Ahmed Tinubu, yesterday, articulated the rationale behind his administration's economic reforms, saying the ...

Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, and Nigeria's National Security Adviser, Nuhu Ribadu, have warned Nigerians against the ...

ShareFollowing the unabating rise in naira abuse in some major cities across the country, the Governor, Central Bank of ...

The Federal Capital Territory (FCT) High Court in Maitama has granted the Economic and Financial Crimes Commission (EFCC) ...

High Court of the Federal Capital Territory (FCT), Abuja has granted permission to the Economic and Financial Crimes Commission (EFCC) for its two additional witnesses to give evidence, virtually, in ...

The Central Bank of Nigeria has raised concerns over the increasing trend of illicit transactions involving banknotes, warning that the practice threatens the stability of the financial system.CBN ...

There is prevalence of naira commoditization and abuse in some Nigeria's commercial hubs, including Abuja, Asaba, Awka, Benin, Ilorin, Kano, and Ibadan, Central Bank has alarted.

The Central Bank of Nigeria (CBN) has sounded the alarm over the growing trend of illicit transactions involving banknotes, urging immediate intervention to curb the practice.