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Yuletide: CBN Grants BDCs Access to $25,000 Weekly Forex Cap for Holiday Season

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Reps Order CBN To Halt New ATM Charges

The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary permission to purchase up to $25,000 weekly in foreign exchange from the Nigerian Foreign Exchange Market (NFEM), which was recently launched. EKO HOT BLOG reports that in a circular dated December 19, 2024, and signed by T.G. Allu, on behalf of … Read more

US Sets $25,000 Bounty On Nigerian Wanted For Child Murder

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US Bounty Nigerian wanted

The United States has placed a $25,000 bounty on Nigerian citizen Olalekan Abimbola Olawusi, wanted for the alleged murder of his infant son. U.S. authorities reported that Olawusi is now among the country’s 15 most-wanted fugitives, as confirmed by Supervisory Deputy U.S. Marshal Don Freeman. EDITOR’S PICKS  Electricity Meter Costs Rise Again As Deregulation Takes … Read more

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