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Central Bank Of Nigeria Denies Plans For New Naira Policy To Crash Dollar Exchange Rate

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Central Bank Of Nigeria Denies Plans For New Naira Policy To Crash Dollar Exchange Rate....KINDLY READ THE FULL STORY HERE▶

The Central Bank of Nigeria (CBN) has refuted claims of its intention to implement a new naira policy aimed at devaluing the dollar exchange rate to N1.25 kobo.

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A report circulated online on Wednesday had suggested that the CBN was contemplating a new foreign exchange (FX) policy scheduled for November 2023. This alleged policy was purported to enhance the stabilization of inflation expectations and facilitate smoother conversion into other major currencies.

The report also indicated that the policy was designed to counteract currency substitution tendencies and remove higher denomination notes with diminished purchasing power.

However, the CBN promptly responded to this report via its official communication channel, categorizing it as false and urging the public to disregard it.

As of Tuesday, the exchange rate stood at N742.10 to the dollar in the investors’ and exporters’ (I&E) window, which represents Nigeria’s official FX market.

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‘It Belongs To Babangida’ – Survivor Links Ex-Military Ruler To Controversial Niger Mining Site

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A survivor of the incident involving the deaths of suspected illegal miners in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Niger State has claimed that the mining site belongs to former military Head of State, General Ibrahim Badamasi Babangida (IBB).....KINDLY READ THE FULL STORY HERE▶

  • The Allegation: The survivor, Malam Babawo Tudun Nasera—whose 17-year-old brother Salim was among the deceased—stated in a video that authorities wanted the miners to halt operations, but they continued working based on instructions allegedly given by Babangida.

  • The Arrest and Detention: Nasera explained that the miners went to the site to earn a living to feed their families before NSCDC personnel arrested them and held them in custody for three days, allegedly refusing release efforts.

  • Suspicious Circumstances: Raising questions about the sudden deaths, Nasera noted that the detainees had eaten well the day before, speculating that heat exposure or some form of administered substance may have been involved.

  • Lack of Verification: It remains unverified whether Babangida personally owns the operation, holds a mining license, or owns the land, as the NSCDC maintains that the miners were operating illegally.

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Saliu Mustapha: The Game Changer Tinubu Needs in Kwara

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....KINDLY READ THE FULL STORY HERE▶

He brings more than a party membership card—he brings people, structure, credibility and a proven record of empowerment.

With 109,823 votes secured in 2023 and deep grassroots goodwill across Kwara Central, Senator Saliu Mustapha represents the kind of independent electoral strength President Bola Ahmed Tinubu needs within the Rainbow Coalition.

His mission is clear: Tinubu for a second term—and Saliu Mustapha for another term representing Kwara Central.

 

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TITHING WARS: Woman Demands Urgent Refund Of N1.64m Sent To Pastor Jerry Eze’s Church!

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A participant of Pastor Jerry Eze’s popular online prayer broadcast, New Season Prophetic Prayers and Declarations (NSPPD), named Sandra Okpara, has taken to social media to appeal for help in recovering a mistaken bank transfer.....KINDLY READ THE FULL STORY HERE▶

In a viral video detailing the incident, Sandra explained that hours after participating in the morning service, taking communion, and paying her regular offering, she attempted to fund a voucher purchase by transferring N1,640,200 to her personal Zenith Bank account. Instead, the heavy sum was erroneously sent to the church account.

Making a public appeal to anyone with contacts at Streams of Joy International, the single mother of two stressed that the funds do not belong to her and that the rightful owners have already begun demanding the money.

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