LAGOS NOVEMBER 1ST (NEWSRANGERS)-Nigeria’s foreign reserves fell by $1.26bn from $41.76bn in October 2 to $40.5bn as of the end of October 30, according to figures from the Central Bank of Nigeria (CBN) on Thursday. The reserves which had continued to shed in recent months dropped by $482.18m from N45.14bn as of July 8 to…
LAGOS OCTOBER 17TH (NEWSRANGERS)- The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded in 2018. The bank said this in the Currency Operations 2018 Annual Report, posted on its website. The CBN said the figure indicated a…
LAGOS OCTOBER 16TH (NEWSRANGERS)-The Federal High Court in Abuja on Monday ordered the interim freezing of 45 bank accounts belonging to three companies for alleged smuggling of rice into the country. The companies with the 45 bank accounts in 10 banks are Sun Sam A1 International Limited, Sun Sam International Limited and Sunchrist O. Trans…
LAGOS OCTOBER 8TH (NEWSRANGERS)-The Economic and Financial Crimes Commission, EFCC has denied reports alleging that about N900 million of mutilated naira notes, being subject of prosecution at the Federal High Court, Ibadan, and kept in several boxes in EFCC’s custody had turned to paper. The anti-corruption agency described the reports as very mischievous and a…