MaTaZ ArIsInGTexas CBN Releases Reversed Regulatory And Supervisory Guidelines For Bureau De Change Operations In Nigeria, Here Are Key Points : 1. Bureaux de Change (BDCs) now have tiers: Tier 1 requires a minimum capital of N2bn (this is for a national license), while Tier 2 has a minimum capital requirement of N500m (these can […] Read more
MaTaZ ArIsInGTexas The Economic and Financial Crimes Commission, EFCC, said it has set up a Special Task Force in all its Zonal Commands to tackle the ‘dollarization’ of the economy. It added that it has invited proprietors of private universities and other institutions of higher learning in Nigeria charging fees in dollars. A statement by […] Read more
MaTaZ ArIsInGTexas CBN Governor, Olayemi Cardoso The CBN hired Deloitte to investigate the forex claims in order to get a true picture things, Cardoso said. The Central Bank of Nigeria (CBN) uncovered invalid foreign overdue claims totalling $2.4 billion, which have pressured the naira for long and spooked the currency market, Central Bank Governor Olayemi Cardoso said […] Read more
By Wale Adeleke MaTaZ ArIsInGTexas Regarding the above subject matter, I wish to respond to the legal, not the economics, but deliberately, solely the legal argument made on SM, specifically that:Forex is money, money is property, and you just can’t confiscate private property, not even vide legislation. I am going to address the issue above […] Read more
MaTaZ ArIsInGTexas It was learnt that the DSS subsequently took over the market amid the government’s frantic effort to stabilise the naira and save face. President Bola Tinubu’s government is behind the shutting down of Bureaux De Change in Abuja, Nigeria’s capital, SaharaReporters has learnt. Sources told SaharaReporters that Tinubu’s government directed Nigeria’s secret police, […] Read more
MaTaZ ArIsInGTexas At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters, The PUNCH has learned. A source at the apex bank told our correspondent exclusively that the plan, though heavily criticised, was still in motion, and affected staffers […] Read more
MaTaZ ArIsInGTexas “They Ignored Corpses of Their Brothers”: Sani Grieves for North, Compares Tinubu, Buhari’s Reigns Shehu Sani, a former senator of the Federal Republic of Nigeria, has lamented about the grip insecurity in the northern part of the country Sani said many northern politicians kept mute when the killing was going on during former […] Read more
MaTaZ ArIsInGTexas Amid uncertainties regarding foreign investment in Nigeria, Shell has taken the opportunity to invest $5bn in the country’s offshore oil production. hell is considering a $5bn (£3.99bn) offshore oil investment opportunity in Nigeria and has pledged to spend an additional $1bn over the next five to ten years to increase natural gas output in […] Read more
By Oni Gbolabo MaTaZ ArIsInGTexas People in Government must heed these: Leadership in Nigeria is for making wealth for the leaders and no more for rendering Services to the populace. Nigerian leaders ranked as the most corrupt, selfish, greedy, ungodly and wicked leaders in the whole world. @Oni Gbolabo Click To Join MA WhatsApp Community […] Read more
Click To Join MA WhatsApp Community The Nigerian Naira has experienced a sharp decline, reaching new lows against the US dollar, Closing at N996.75 per dollar in the official market and N1090 per dollar in the parallel market. Despite expectations that recent moves by the Central Bank of Nigeria (CBN) to clear its foreign exchange […] Read more
