Naira falls to N580/$1 at black market as demand for FX surges On Monday, February 28th, 2022, the Investors and Exporters window's exchange rate ended at N416.67/$1, a 0.16 percent devaluation ...
Monday, February 21, 2022: At the official Investors and Exporters (I&E) window, the naira and the US dollar exchange rate closed at N416.67/$1, marking the first positive movement in the official...
IMF warns CBN that eNaira may lead to new money-laundering and terrorism financing risks The expansion of the eNaira's use to cross-border cash transfers and agency bank networks could result in...
Air Peace, Arik Air, and others increase base fare for economy flights to N50,000 Nigerians and frequent flyers are concerned about the hike in prices of flight ticket...
CBN to stop the sale of foreign exchange to banks by end of 2022 The Central Bank of Nigeria (CBN) has announced that it will stop selling foreign currency to Deposit Money Banks (DMBs) by the e...
The Central Bank of Nigerian had decided to join the Crypto currency movement after trying to shutdown crypto trading in the country. They tried to prevent Nigerian citizens from trading crypto but th...
Malaysian authorities last week launched a crackdown on bitcoin miners, seizing 1,069 bitcoin mining rigs and destroying them with a steamroller at the police headquarters parking lot.The raid was par...
Oil-rich Qatar is set to invest the sum of $5 billion into the Nigerian economy, according to the Federal Government.This was disclosed by the Minister of Foreign Affairs, Geoffrey Onyema at a farewel...
According to data from the FMDQ Security Exchange, the naira gained marginally against the U.S. dollar at the Investors and Exporters window of the foreign exchange market on Wednesday, the 31st. Howe...
The Central Bank of Nigeria is the main regulatory banking and financial institution in Nigeria. The Naira is the official currency used in Nigeria as a mode of payment and to carry out monetary trans...