The naira declined to N1,370 against the dollar at the parallel section of the foreign exchange (FX) market on Wednesday. This represents a 1.48 percent...
A United States, US, District court, on Tuesday, sentenced the founder and former Binance CEO, Changpeng Zhao to four months in prison. The court judge,...
The federal government has announced plans to set up a $10 billion diaspora fund to attract investment from citizens living abroad. In a post on...
The naira, on Wednesday, depreciated to N1,300 per dollar at the parallel section of the foreign exchange (FX) market. The current FX rate signifies a...
The Central Bank of Nigeria (CBN) has further reduced the foreign exchange (FX) rate for dollar allocations to bureau de change (BDC) operators. On Tuesday,...
The Central Bank of Nigeria (CBN) has denied selling foreign exchange (FX) to bureau de change (BDC) operators at the rate of N1,001/$1. CBN, in a post on...
Governor of the Central Bank of Nigeria, Olayemi Cardoso, says Nigeria received $600 into the country’s foreign reserves. The development will see the Naira...
The Naira appreciated to N1000 per US dollar as Monday’s foreign exchange market commenced. A Bureau De Change operator, Mistila Dayyabu, disclosed this to the newsmen....
Nigeria’s inflation rate rose to 33.20 per cent in March 2024 from 31.70 per cent in February 2024. This was disclosed in the National Bureau of...
Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ...
Goldman Sachs says the continued surge of the Naira against the Dollar has made it the best-performing currency this month (April). A report by Goldman Sachs...
The presidency says President Bola Tinubu’s multi-faceted approach to eliminating foreign exchange (FX) racketeering is strengthening the naira against global currencies. In a statement on...
The Association of Bureau De Change Operators of Nigeria, ABCON, has told the Central Bank of Nigeria, CBN, to ban non-oil export domiciliary account holders from...
The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market. The current FX rate signifies a...
The Central Bank of Nigeria (CBN) has directed all banks to stop the use of foreign currency-denominated collaterals for naira loans. Adetona Adedeji, acting...
The Central Bank of Nigeria (CBN) has announced the sales of foreign exchange (FX) to the bureau de change (BDC) operators at the rate of...
The Central Bank of Nigeria (CBN) says the economy recorded over $1.5 billion in foreign exchange (FX) inflow in March, indicating its monetary policy initiatives are...
The Central Bank of Nigeria, CBN, plans to closely monitor the recapitalisation of the Nigerian banking sector, in collaboration with law enforcement agencies. The move is...
Barely 48 hours after restating the need to increase the capital base of Deposit Money Banks for improved productivity, the Central Bank of Nigeria has announced...
Sam Bankman-Fried, former chief executive officer (CEO) and founder of Futures Exchange (FTX), has been sentenced to 25 years in prison after being convicted of defrauding...
The Central Bank of Nigeria, CBN, has provided Bureau De Change, BDCs, operators with $10,000 at an exchange rate of N1,251 per United States, US, dollar....
The Federal Government has initiated criminal proceedings against Binance, a prominent cryptocurrency exchange platform over alleged tax evasion. The charges, filed at the Federal High Court...
The Central Bank of Nigeria (CBN), on Wednesday, announced it has cleared the $7 billion foreign exchange (FX) backlog inherited by Governor Yemi Cardoso. The...
Access Holdings says its subsidiary, Access Bank, has entered a binding agreement to acquire National Bank of Kenya (NBK) from KCB Group Plc, to boost...
The naira on Wednesday exchanged for N1400 against the United States, US, dollars in the parallel market. Parallel market operators sold at N1400/$1 for holders...
The naira yesterday appreciated to N1,580 per dollar in the parallel market from N1,590 per dollar on Monday. Similarly, the naira yesterday appreciated N1,560.57 per...
Zenith Bank Plc has announced the foremost banker, Dr. Adaora Umeoji as its new Group Managing Director and Chief Executive Officer. This appointment was disclosed...
The Federal High Court in Abuja, on Monday, ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with comprehensive information on all persons...
Access Holdings Plc (the Holdco) has announced that Aigboje Aig-Imoukhuede is returning as its Non-Executive Chairman. This decision was made after the untimely passing of...
A United States (US) district court has ordered Changpeng Zhao, ex-Binance CEO, to surrender all his passports — active or expired — to a third party...
The Central Bank of Nigeria has warned all primary mortgage banks in the country regarding the timely submission of regulatory returns. In a press release issued...
The Securities and Exchange Commission (SEC) says it has developed new guidelines for licensing, registration and screening of digital and virtual assets service providers (VASPs)....
The price of Bitcoin, on Tuesday, hit an all-time high, after crossing $69,000. Bitcoin traded at $69,191, surpassing its previous record of $68,991, reported in...
Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country. The crypto exchange will automatically convert naira...
The Bank of Ghana says it has suspended the foreign exchange (FX) trading licences of two Nigerian-owned banks over fraudulent documentation during operations. The Ghanaian...
Naira, on Monday, depreciated to N1,620/$ at the parallel section of the foreign exchange market. The figure represents N20 or 1.25 percent depreciation compared to...
Economic and financial experts have lauded the decisions of the monetary policy committee (MPC) of the central bank at its first meeting in 2024. On...
Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), says $400 million was paid on Tuesday to settle some outstanding foreign exchange (FX) commitments....
The naira, on Monday, appreciated further to N1,650 per dollar at the parallel section of the foreign exchange (FX) market. Naira appreciated by 6.78 percent,...
The Central Bank of Nigeria (CBN) has placed limits on the foreign exchange (FX) sales by Bureau De Change (BDC) operators. The apex disclosed the...
The Naira appreciated against the US dollar at the parallel foreign exchange market during the weekend. It was gathered that the country’s currency exchanged...
The Central Bank of Nigeria (CBN) has released guidelines for the sale of foreign exchange (Forex) by Bureau De Change (BDC) operators within the country....
The federal government says the efforts of the Central Bank of Nigeria (CBN) to reform the foreign exchange (FX) market have been met with ferocious resistance...
The Central Bank of Nigeria (CBN) has directed Nigeria Customs Service (NCS) and other related parties to adopt the closing rate in the official foreign exchange...
Naira strengthened on Friday to close at N1,770 against the dollar at the parallel section of the foreign exchange market. It appreciated by N90 or...
The CBN could be looking to block Nigerians from using crypto websites to combat the weakening of the naira. While this is unconfirmed a source...
Razer Gold is a virtual credit gamers around the world use to redeem games and other entertainment content. It is a good gifting option for friends...
In Africa, Nigeria has one of the most vibrant economies dominated by its oil exports. In fact, Nigeria had the largest economy in Africa for...