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News Target @newstarget agregó una foto in Breaking News
2025-03-18 02:50:27

EFCC Arrests Ebo Stone for Alleged Naira Abuse

On March 17, 2025, operatives of the Economic and Financial Crimes Commission (EFCC) in Benin arrested Kelly Okungbowa, also known as Ebo Stone, for alleged abuse of the Naira. Okungbowa, the former coordinator of the Edo State Public Safety Response Team (PSRT), was apprehended following the circulation of a viral video showing him spraying and mutilating the Naira at a bar on March 9, 2025....

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People's Daily @peoplesdaily agregó una foto in Breaking News
2025-05-12 18:14:31

EFCC Targets Ex-Militant Tompolo Over Viral Naira Abuse Video

The Economic and Financial Crimes Commission (EFCC) has announced plans to question former Niger Delta militant leader, Oweizidei Thomas Ekpemupolo, popularly known as Tompolo, following the emergence of a viral video allegedly showing him mishandling the Nigerian currency, the naira. In a statement posted on its official X (formerly Twitter) account, the EFCC shared a photo of Tompolo with...

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My Tech Blogger @ytb agregó una foto in News Feature
2025-02-28 07:18:06

MTN Nigeria Reports N400.44bn Loss in 2024 Due to Naira Depreciation

MTN Nigeria reported a loss of N400.44 billion after tax for the year ending December 31, 2024, primarily due to the devaluation of the naira, which increased foreign exchange losses and negatively impacted the company's earnings. This loss, revealed in the company's audited financial statements on Thursday, marks a 192% increase from the N137.02 billion loss recorded in 2023. The...

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News Target @newstarget agregó una foto in Uncategorized
2025-02-21 08:42:36

Naira Appreciates as Exchange Rate Gap Narrows

The naira was strengthened to 1,494.03/$ at the official window on Thursday, according to data from FMDQ Securities Exchange Limited. Similarly, an appreciation to 1,510.00/$ was recorded in the parallel market, reducing the spread between the two markets to 15.5/$. The gap between the official and parallel foreign exchange rates has been narrowing due to various policies implemented by the...

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News Target @newstarget agregó una foto in Uncategorized
2025-02-27 07:46:25

Naira Gains Slightly Against the Dollar as Exchange Rate Gap Widens

The Nigerian Naira recorded a slight appreciation against the U.S. dollar on Wednesday, strengthening to ₦1,490 per dollar in the parallel market, up from ₦1,502 per dollar on Tuesday. A similar trend was observed in the Nigerian Foreign Exchange Market (NFEM), where the currency appreciated to ₦1,499.8 per dollar, compared to ₦1,501 per dollar the previous day. According to data from FMDQ...

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