LAGOS DECEMBER 10TH (NEWSRANGERS)-In the mid hours of yesterday, the Directorate of Criminal Investigations Kenya (DCIK) took to their official twitter page to announce that, they arrested a Foreigner who was traveling to Dubai, United Arabs Emirates from Nigeria. According to what was made public, the department confiscated over Ksh 100 million from the Nigerian….
LAGOS NOVEMBER 28TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has brought the local currency closer to the exchange rate unification agenda of the apex bank as recommended by the International Monetary Fund (IMF) and World Bank. In a weekly exchange rate for disbursement…
LAGOS NOVEMBER 15TH (NEWSRANGERS)-The naira weakened to 470 against the United States dollar in the parallel market on Friday despite the interventions of the Central Bank of Nigeria in the official window. The nation’s currency had traded at N465, N466 and N468 against the greenback on Tuesday, Wednesday and Thursday respectively. But it fell on…
LAGOS SEPTEMBER 2ND (NEWSRANGERS)-The US dollar, the much sought after currency in Nigeria slumped by 5.38% on Tuesday at Nigeria’s parallel market, its second successive fall since Friday. At the market today, a dollar sold for N440. The rate was N465 on Monday, meaning the Naira gained N25. The buying rate is even much lower…