Banks and other financial institutions in Nigeria have resumed collection of charges on large deposits from individual and corporate accounts, a report by an online platform, Nairametrics, has shown. This followed the expiration of the temporary suspension issued by the Central Bank of Nigeria (CBN) on same. Daily Trust reports…
A recent visit to the departure hall of the Murtala Muhammed International Airport (MMIA), Lagos was a beehive of activities with thousands of Nigerians leaving the country. From findings, majority of them were going with a one-way ticket, which means that they have no intention of coming back soon, if at all they would return. This…
By Philip S. Clement, Muideen Olaniyi (Abuja) & Abdullateef Aliyu (Lagos) The federal government yesterday announced plans to automate transactions in the entire foreign exchange market in order to close the wide arbitrage and punish naira speculators. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, disclosed this in Abuja during the…
Let me start this piece by stating that this columnist supports and supported the underpinnings of the naira redesign policy. I wrote severally and copiously