Tag Archives: NAIRA

A Nigerian actress has been sentenced to six months imprisonment for tampering with the currency after she was filmed spraying and stepping on newly issued naira notes last year. Oluwadarasimi Omoseyin was arrested last February in Lagos after the video of her at a party surfaced online. The Nollywood star …

Many people think that the US dollar is the strongest currency in the world. The US dollar is the most traded in terms of margin, but not the strongest currency, according to a recent report by Legit.ng. The Kuwaiti Dinar emerged as the strongest currency in a survey conducted by …

President Muhammadu Buhari has directed the country’s central bank to release the old 200 naira banknotes back into circulation and run concurrently with the new ones until April 10, 2023. However, he said that the old 500 and 1,000 naira banknotes are no longer valid and must be taken to …

A Federal High Court sitting in Ikoyi, Lagos State has remanded Nollywood actress and skit maker Oluwadarasimi Omoseyin in Kirikiri correctional center for tampering with the new naira notes. The actress was arraigned by the Economic and Financial Crimes Commission (EFCC) on Monday, February 13 on a two-count charge brought …

A video shared online shows sacks of damaged naira notes reportedly discovered in Wadata Police Barracks, Benue State.   The Naira notes were hidden in multiple bags and is suspected to have been stacked for years, going by the state of the Naira notes.   A voice in the video …

The Independent Corrupt Practices and other Related Offences Commission has arrested Singer Oladapo Oyebanji alias D’banj, according to a popular Nigeria news portal, PremiumTimes. He was arrested and detained Tuesday after ICPC operatives closed in on him, forcing him to surrender himself at the agency’s headquarters in Abuja. Premium Times …

President Muhammadu Buhari on Wednesday finally unveiled the re-designed Naira Notes as proposed by the Central Bank of Nigeria (CBN). The CBN Governor, Godwin Emefiele, had on Tuesday said that the president will unveil the newly designed N1,000, N500 and N200 notes. The unveiling marks the first time in 19 …

Nigerian billionaire and leading industrialist Aliko Dangote has seen his net worth fall by $700 million since the start of July as a result of the double whammy of stock sell-offs on the Nigerian Exchange and the recent naira depreciation on the country’s official foreign exchange window. According to the …

The Cybercrime Section of the Economic and Financial Crimes Commission has revealed that hip-hop singer, Azeez Fashola, aka Naira Marley, was involved in credit card fraud. Azeez Fashola is facing 11 charges bordering on alleged credit card fraud contrary to Money Laundering (Prohibition) Act and the Cyber Crimes Act, The …

A Tinubu Chief Magistrates’ Court in Lagos, on Monday ordered that a Nigerian musician, Adeyemi Fashola, popularly known as Naira Marley should be arrested and arraigned over alleged car theft. NAN reports that the chief magistrate, Mr Tajudeen Elias, ordered that the Investigating Police Officer (IPO), Sgt. Sunday Idoko, handling …