In Nigeria, the handling of the national currency, the Naira, is subject to strict regulations outlined by the Central Bank of Nigeria (CBN). These regulations are...
With the current hardship in Nigeria, starting a business with a budget of less than 100,000 Naira (about $240 USD) is feasible and can be quite...
Cryptocurrency giant, Binance Holdings Ltd, has announced that it will leave the Nigerian market and discontinue all its services for the naira. Naija News reports that...
The Nigerian Naira saw a depreciation in value against the dollar at the parallel section of the foreign exchange market on Monday, sliding to ₦1,620/$, a...
The Nigerian black market exchange rate for the Euro to Naira has witnessed a significant surge, reaching ₦1,699.47 as of today, March 4, 2024. This development...
In a surprising turn of events, the Nigerian Naira witnessed a significant depreciation at the parallel section of the foreign exchange market on Friday, reversing its...
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) Operators, Naija News reports. This is in exercise of the...
In a notable turn of events, the Nigerian currency, the naira, has shown signs of robust appreciation at the parallel section of the foreign exchange (FX)...
The Nigerian currency, the naira, saw a notable appreciation on Wednesday, strengthening to ₦1,860 against the dollar in the parallel market, marking a significant recovery from...
Nigeria’s local currency, the naira, has plummeted to a new low, now trading above 2,000 naira against the Great Britain Pound in the parallel market. This...
The Nigeria Autonomous Foreign Exchange Market (NAFEM) experienced a significant decrease in dollar sales on Friday, with transactions dropping by $252 million to $84.1 million, marking...
The Nigerian economy continues to face multifaceted challenges and opportunities. Here’s a roundup of the latest key updates today, Saturday 17 February 2024: 1. Naira Volatility:...
International Money Transfer Operators (IMTOs), will now pay Nigerian beneficiaries in Naira instead of Dollars and other foreign currencies as the case was previously. Based on...
The Economic and Financial Crimes Commission (EFCC), announced on Wednesday that it has established a Special Task Force within its Zonal Commands in order to address...
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has said the naira will stabilise as foreign investments come into the country. In an interview with...
Former Bayelsa East Senator, Ben Murray-Bruce has revealed three things Nigerians must do for the naira to appreciate in value. In a post via his official...
Revaluing a national currency and restoring its value involves a complex mix of monetary policy, fiscal adjustments, and sometimes structural reforms. Nigeria is currently battling with...
Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Thursday has sentenced a Nollywood actress, Oluwadarasimi Omoseyin, to six months in prison...
The vice president, Kashim Shettima, has described Nigerians laughing over the depreciation of the Naira against the dollar as clowns. Naija News reported that the exchange...
In an effort to stabilize the fluctuating exchange rate, the Central Bank of Nigeria (CBN) has issued a directive for Deposit Money Banks to offload their...