Nation
CBN Extends Naira For Dollar Scheme
The Central Bank of Nigeria (CBN), said it has extended its Naira 4 Dollar Scheme until further notice.
The apex bank disclosed this in a circular titled: “Re: Introduction of the CBN’s ‘Naira 4 Dollar Scheme’, for Diaspora Remittances.”
The circular, signed by Director, Trade and Exchange Department, CBN, Saleh Jibrin, yesterday, stated, “Further to the CBN Circular referenced TED/FEM/PUB/FPC/01/003 dated 05 March 2021 on the above subject matter, which was originally scheduled to end on May 8, 2021, we hereby announce the continuation of the scheme until further notice.”
It would be recalled that in an effort to sustain the encouraging increase in inflows of Diaspora remittances into the country, the CBN introduced the Naira 4 Dollar Scheme as an incentive for senders and recipients of International Money Transfers.
The referenced circular stated, “The CBN shall, through commercial banks, pay to remittance recipients the incentive of N5 for every $1 remitted by sender and collected by designated beneficiary. This incentive is to be paid to recipients whether they choose to collect the dollar as cash across the counter in a bank or transfer same into their domiciliary account.
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Rivers Commissioner Commends WAEC Conduct, Vows Sanctions for Malpractice
The Rivers State Commissioner for Education, Dr. Peters Nwagor, has commended the orderly conduct of the ongoing 2026 West African Senior School Certificate Examination in the state and urged schools to sustain the standard.
Dr. Nwagor gave the commendation on Tuesday during a monitoring tour of selected secondary schools in Port Harcourt and environs where the WAEC exam is ongoing.
The commissioner, who was accompanied by directors and monitors from the Ministry of Education, said he was impressed with the peaceful atmosphere at the centres visited.
“The students conducted themselves properly and wrote their papers under conducive conditions. Invigilators and supervisors also performed their duties professionally,” he stated.

Nwagor noted that the Rivers State Government had invested heavily to ensure the smooth and credible conduct of the examination across the state
He urged candidates to reciprocate government’s effort by shunning all forms of examination malpractice and focusing on their studies.
“Government has done so much to ensure successful examinations in our schools. Students should take advantage of it by remaining focused,” the commissioner said.
While no case of malpractice was recorded in the centres inspected, Dr. Nwagor warned that any principal, teacher, invigilator, or official caught aiding malpractice would face strict sanctions in line with regulations.
He also commended school administrators, teachers, WAEC officials, and security personnel for upholding the integrity of the process.
Centres visited included County Grammar School, Ikwerre/Etche; Government Comprehensive Secondary School, Borokiri; Government Secondary School, Borokiri; and Pabod Model Secondary School.
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