A Benin City-based socialite, Kelly Okungbowa, has been arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice C. A. Obiozor of the Federal High Court in Benin City. Okungbowa faces charges related to Naira abuse and mutilation, specifically for spraying and trampling on N300,000 in Naira notes during events in November 2024 and…
A Nigerian woman has raised an alarm over an alleged incident involving Access Bank, where a substantial sum of N500 million was reportedly wiped out from her late brother’s account. According to her, the bank claimed that the account had no funds since its opening in 2016, despite her brother’s significant deposits. The woman has…
The Nigerian naira has regained value, appreciating by 0.07% to close at N1,600.00 per US dollar in the official market. This uptick is attributed to improved US dollar liquidity and reduced demand for foreign currency. The naira’s rebound comes ahead of the automated FX trading platform test run scheduled for November. In contrast, the parallel…