Dollars

The Economic and Financial Crimes Commission (EFCC) has stated that hotels, schools, and other establishments that accept payments in dollars from their customers are at risk of facing arrest. EFCC Chairman, Ola Olukoyede, said this in…
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The Central Bank of Nigeria (CBN) has again announced the sales of dollars to Bureau De Change operators. The apex bank disclosed this in a circular uploaded on its website on Monday. The CBN said it is set to sell $10,000 to each…
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The Central Bank of Nigeria (CBN) has commenced sale of dollars to Bureax De Change (BDC). This was contained in a statement on Tuesday, by Dr Hassan Mahmud, CBN’s Director of Trade & Exchange Department. According to the…
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The Central Bank of Nigeria, CBN, has said it was not planning to introduce a new naira policy that will crash the dollar exchange rate to N1.25 kobo. On Wednesday, a report circulating online claimed that the apex bank was mulling a…
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Five men on Wednesday appeared before a Sabo-Yaba Chief Magistrates’ Court in Lagos State for allegedly possessing and displaying two bags of fake U.S. dollars and pound sterling. The defendants are Francis Omwukei 26; Kingsley Ude, 33;…
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The Rivers State Police Command has arrested a federal lawmaker, Dr. Chinyere Igwe, with $498,100 on suspicion of attempted vote buying and money laundering. The lawmaker who represents Port Harcourt Federal Constituency 2 in the House…
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The Central Bank of Nigeria (CBN) on Friday made an alteration to the price of dollar sales. This was contained in a communique signed by CBN Director, Trade and Exchange Department, Dr O.S. Nnaji on Friday. In the communique to all…
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The Central Bank of Nigeria, CBN, has directed all banks to sell foreign exchange to anyone that is willing to purchase over the counter irrespective of whether the person is a customer or not, upon presentation of relevant documentation.…
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