Tag: Currency
IFC, CBN sign agreement to boost local currency financing in Nigeria
IFC, a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing...
EFCC detains NAHCON chairman, recovers foreign currency
The Economic and Financial Crimes Commission (EFCC) has detained the Executive Chairman of the National Hajj Commission of Nigeria (NAHCON), Jalal Arabi, over the...
Cocoa farmers turn to smuggling over Ghana’s currency fall
Isaac Antwi, one of the cocoa farmers in Ghana, says he has to smuggle his beans to Ivory Coast to sell them at a...
Egypt raises interest rate by 600 bps as currency falls
The Central Bank of Egypt has increased the interest rate by 600 basis points to allow the exchange rate to be set by market...
Currency Racketeers: EFCC, JTF recover N110m, arrest 115 suspects in Enugu
The Economic and Financial Crimes Commission (EFCC) in conjunction with a Joint Task Force comprising five teams from the Nigeria Police Force and three...
EFCC arrests 6 currency racketeers in Lagos
The operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested six persons for their alleged involvement in...
