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CBN prohibits use of foreign...

CBN prohibits use of foreign currencies as...

How kidnappers used 12-year-old boy...

How kidnappers used 12-year-old boy as collateral...

CBN prohibits use of foreign currencies as loan collateral

CBN prohibits use of foreign currencies as loan collateral The Central Bank of Nigeria (CBN) has directed all banks in Nigeria to stop using foreign currencies as collateral for naira loans. The apex bank disclosed this in a circular uploaded to its website on Monday. CBN said it had observed the use of FCY by bank customers as collateral for naira loans and, therefore, prohibits it with immediate effect. READ ALSO: CBN revokes operating licenses of 4,173 BDCs The apex bank has vowed to clamp down on those sabotaging government’s efforts towards stabilising Nigeria's...
Neptune Prime -
Business & Economy

CBN prohibits use...

CBN prohibits use of foreign currencies as loan collateral The Central Bank of Nigeria (CBN) has directed all banks in Nigeria to stop using foreign...
Neptune Prime -
Crime

How kidnappers used...

How kidnappers used 12-year-old boy as collateral to buy rice A 12-year-old Junior Secondary School (JSS-2) student, was beaten to a pulp by traders after...
Neptune Prime -
Poet's corner

Collateral damage, a...

Collateral damage, a poem by Professor Yusuf M. Adamu Confusion, frustration and exhaustion, Anger enveloping our emotions, Ensuring ordinary Nigerians become helpless, Because of someone’s desire for revenge. A...
Maryam Umar -
News

Woman uses husband...

A woman, Linda Akachukwu-Paul has shared on social media photos of the new mansion she bought. According to the lady, she bought the mansion to...
Aisha Auyo -
Crime

Edo man abandons...

A middle-aged man in Edo state, identified as David, has reportedly abandoned his wife and three children at a Point of Sale (POS) shop,...
Aisha Auyo -
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