TOP STORIES


NEWS FEATURES


Last-minute effort to stop Saraki, deputy's prosecution fails • I can't face CCT and forgery trials together, Saraki tells court




Staff, (Punch) - A last-minute effort by the leadership of the Senate to frustrate the scheduled arraignment of its presiding officers, Senate President Bukola Saraki and his deputy, Ike Ekweremadu, at a High Court, failed on Wednesday.

 

RECENT TOP HEADLINES
Supply gap in new forex market forces Naira down to N284/$




Staff, (Vanguard) - The new foreign exchange framework, which started on an impressive note, Monday, may have begun to face its first liquidity test - adequate and independent supply of foreign currency to the market. Yesterday's trading session appeared hazy, a development which may have contributed to the depreciation of the Naira.

EFCC has frozen my personal account with Zenith Bank - Fayose




Staff, (Punch) - The governor, a strong critic of President Muhammadu Buhari, had gone to a branch of the bank located on Bank/Secretariat Road, Ado-Ekiti for transactions when he discovered that his account had been frozen.

Nigeria’s naira tanks 27% on float this morning




Report, (FT) - Nigeria’s long-awaited flexible exchange rate regime has got off to an explosive start with the naira sliding by as much as 27 per cent per dollar this morning.

CBN criteria for forex dealers cumbersome - BDC operators




Ifeanyi Onuba, (Punch) - The CBN Governor, Mr Godwin Emefiele, had said based on the assessment of the apex bank, the number of primary dealers would be between eight and 10 financial institutions with a minimum transaction volume of $10m.

Sex scandal: US govt cancels three Reps' visas, Dogara orders probe




Staff, (Punch) - The Speaker of the House of Reps, Mr. Yakubu Dogara, on Thursday, said, "We are in receipt of a letter from the US Ambassador, alleging misconduct by some members of the National Assembly, who attended training in the U.S.

CBN finally frees naira, value to be determined by market forces • To appoint primary, secondary dealers




Staff, (Nigerian Tribune) - The long wait for the release of guidelines for the much anticipated flexible foreign exchange market ended on Wednesday as Governor of the Central Bank of Nigeria, Godwin Emefiele, reeled out a 13-point guideline for the managed floating exchange rate regime.

CBN finally frees naira, value to be determined by market forces • To appoint primary, secondary dealers




Staff, (Nigerian Tribune) - The long wait for the release of guidelines for the much anticipated flexible foreign exchange market ended on Wednesday as Governor of the Central Bank of Nigeria, Godwin Emefiele, reeled out a 13-point guideline for the managed floating exchange rate regime.

I planned to make 50% of vehicles on Nigerian roads run on natural gas by now - Obasanjo




'Femi Asu, (Punch) - Former President Olusegun Obasanjo on Sunday said his intention during his regime was to develop the nation's natural gas for vehicles to use and reduce dependence on imported petrol.