The Central Bank of Nigeria has authorized commercial banks to freely trade foreign exchange at any rate.The authorization means that banks now have the power to sell forex at a market-determined rate.The Daily Post gathered that some banks have pegged the USD to Naira rate at N699 to N750, suggesting that Nigeria is now operating a freely floating exchange rate in line with President Bola Ahmed Tinubu’s pledge to unify the rate.Reacting to the development in an Ari...

The anti-corruption agency, Economic and Financial Crimes Commission (EFCC) has vowed to request the assistance of the Nigerian Military to effect the arrest of the immediate-past governor of Kogi State, Yahaya Bello.The commission invaded the Abuja residence of Bello on Wednesday to arrest him but was met with stiff resistance from the former state Governor.According to reports, Bello may have been hiding in the Kogi State Government House under the immunity of Gov...

A Federal High Court in Abuja has authorized the Economic and Financial Crimes Commission (EFCC) to arrest former Kogi State Governor, Yahaya Bello, ahead of his scheduled arraignment on Thursday.The warrant, granted by Justice Emeka Nwite on Wednesday afternoon, follows a request from the EFCC.This development follows a conflicting ruling from a Kogi State High Court, which barred the EFCC from arresting, detaining, or prosecuting the former governor.Stay tuned for...