Within Nigeria’s legal framework, the Naira and kobo laws administered by the CBN delineate the boundaries within which currency-related activities must operate. The CBN is responsible for the ...

The Naira yesterday depreciated to N1,570 per dollar in the parallel market from N1,560 per dollar on Tuesday.

Consequently, the margin between the parallel market and NFEM rate widened to N57.5 per dollar from 88 kobo per dollar on ...

Motorists, commercial motorcyclists, and other petrol users in Ekiti state have called for at least a 50 per cent reduction ...

The Ogun II Area Command of the Nigeria Customs Service, NCS, says it has generated over 4bn as revenue for the month of ...

Let’s put this in perspective. In just 48 hours, we witnessed approvals for everything from road construction to healthcare, ...

Justice A.O.Owoeye gave the order following a motion on notice for the final forfeiture order, which was supported with an ...

The naira is the currency of Nigeria. It is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation.

Justice Rosemary Oghogho-rie of a Federal High Court in Calabar, Cross River State, has convicted and sentenced Dr. Geraldine ...

A year after an eyewatering slide against the dollar, the naira is enjoying a rare run of stability, and analysts expect it to last. Nigeria’s battered currency has lost 70per cent against the ...

As Nigerian authorities crack down on party goers abusing the naira, the super-rich are now spraying dollars to avoid breaking the law. As thousands converged on Nnewi in southeast Nigeria to mark the ...

A Federal High Court, sitting in Calabar, Cross River State, presided over by Justice Rosemary Oghogho-rie has convicted and ...