CBN Approves $10,000 Sale To Bureaux De Change At N1,251/$1 Exchange Rate

Dangote Refinery Food CBN

CBN approves sale of $10,000 to each BDC at N1,251/$1 rate. Circular directs BDCs to sell to eligible users with a spread of not more than 1.5% above purchase price. Second tranche of foreign exchange sale to eligible BDCs authorized by the apex bank. The Central Bank of Nigeria (CBN) has sanctioned the sale of … Read more

Filmmaker Seun Egbegbe Regains Freedom After Conviction For Fraud

A filmmaker, Seun Egbegbe, has been released from prison after conviction for fraud. Eko Hot Blog reports that Nollywood filmmaker, Olajide Kareem, alias Seun Egbegbe, has regained his freedom after spending more than six years in prison custody. EDITOR’S PICKS Again, CUPP Raises Alarm Over Plot To Remove INEC Chair Labour Party Unveils 1,234-member Campaign … Read more