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CBN blocks money transfers into Nigeria from almost all the International Money Transfer Operators

CBN, in a statement by its Acting Director, Corporate Communications, Isaac Okoroafor, has advised Nigerians at home and in the Diaspora to beware of the unwholesome activities of some unlicensed International Money Transfer Operators in the country. It said that ...

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Dmitry Orlov interviewed on the Keiser Report


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Nigerians should not panic, we’re still the biggest economy in Africa – Kemi Adeosun

Nigeria technically in recession – Minister of Finance, Kemi Adeosun

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Amaechi inks over 3 trillion naira ($11.117bn) Lagos-Calabar railway project

Amaechi signs MoU on the $11.117bn Lagos-Calabar railway project expected to be completed in 2 years See more photos after the page break.

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FG to borrow ₦395bn via bonds

According the Debt Management Office ( DMO ) the FG is planning to borrow between N305bn and N395bn ($1.08bn-$1.40bn) in local currency-denominated bonds with maturities ranging from five to 20 years in the third quarter of this year. The FG ...

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What Buying Dollar At The Inter Bank Rates of 253-260 means?

Note the bolded. Unless you are a bank, you cannot buy at that rate. That is the rate that banks will buy from the primary dealers (who are banks anyway). In other words, the big banks in Nigeria who will ...

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send money to and fro to nigeria

See how to make International Money Transfer – Deliver Money Secure And Pretty Fast

International money transfer is something huge many people do around the globe each day. From the global company who pays international  bills in Dubai to the Family who would like to buy a residence in Nigeria to the migrant worker who sends ...

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Send Money Overseas

Send Money Overseas With AfriShopOnline Wire Transfers

Sending money overseas happens every day. This may be done for business reasons and also for individual reasons. There are a lot of money sent and there are small amount of money being sent as well. Once in a while ...

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Today’s Naira Exchange Rate Against foreign currencies

Today’s (16/5/16) exchange rate of the Nigerian Naira against the Dollars, Pounds and Euros

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kola aluko

Nigerian Oil head honcho Kola Aluko sells his Bel-Air mansion for $21.5m

Famous Nigerian oil head honcho, Kola Aluko (right) has sold his Bel-Air, Los Angeles mansion, as Nigerian and European authorities investigate him for alleged money-laundering and misrepresentation related violations, Forbes reports, citing The Los Angeles Times. The 46-year-old sold the home ...

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