Tag: naira
BDCs back CBN’s directive stopping use of domiciliary accounts as collateral
The Association of Bureaux de Change Operators of Nigeria has shown support for the Central Bank of Nigeria's instruction to ...
CBN approves daily sales of $10,000 to 1,588 BDC operators
Directed BDCs to sell to eligible end-users at spread of not more than 1.5 percent The Central Bank of Nigeria, ...
Naira Appreciates to N1,382/$ After $7bn FX Settlement
Naira records a significant recovery against the dollar at NAFEM, appreciating from N1,536.83 to N1,382.35 per dollar Central Bank of ...
Lagos Court Warns Against Hawking Naira, Sentences Offender
Lagos Federal High Court warns against unlawful hawking of Nigerian currency, sentencing Fabian John Itafor to three months community service ...
FG Demands User Data from Binance Amid Naira Speculation Probe
The federal government intensifies scrutiny of Binance, requesting detailed information on its top 100 users in Nigeria Binance faces allegations ...
Only foreign borrowing can save naira, clear CBN debts – EIU
The CBN unified segments of the country’s foreign exchange market on June 14, 2023, which resulted in a significant depreciation ...
Customs CG blames ‘illegal exportation’ for food insecurity
During a visit to the Lamido of Adamawa, Dr. Barkindo Mustapha, the Comptroller General of Customs, Adewale Adeniyi, highlighted the ...
BREAKING: Binance leaves Nigeria, suspends all naira services
The exchange’s decision comes amid Nigeria’s crackdown on the global crypto exchange Cryptocurrency exchange, Binance has announced that it will ...
BREAKING: CBN Revokes Licences Of Over 4,000 BDCs, Gives Reasons
The CBN said it is revising the regulatory guidelines of BDCs. The move is part of efforts to restore confidence ...
FG Benefiting From Dollar-To-Naira Hike – Ali Ndume
Senator Ali Ndume asserts that the naira's depreciation against the dollar financially benefits the federal government Ndume explains that Nigeria's ...
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