Given the massive trade volume of cryptocurrency in Africa, Nigeria inclusive, a centralized cryptocurrency exchange firm, FTX, has called on the fede
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The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. However, the
Read MoreAs dollar to naira continues to be unstable, the Association of Bureaux De Change Operators of Nigeria (ABCON) has demanded from the Central Bank of N
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The Nigerian naira slumped to a new lowest and is being exchanged to the dollar at 595 on Friday at the parallel market. Bureau de Change operators st
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Nigeria’s total FOREX remittances dropped by $119.4m to $130.12m as of January 2022 from $249.52m as of December 2021, figures obtained from the
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Alhaji Shuaibu Idris, Chairman of the IoD Centre For Corporate Governance (IoDCCG), has stated that illicit money inflows into Africa and Nigeria are
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Nigeria is the largest crypto-trading country in Africa, according to Paxful, a cryptocurrency trading platform, with a transaction volume of over $76
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On Wednesday, the president’s office announced that the Central African Republic (CAR) has adopted bitcoin as legal tender, becoming the second countr
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The Built With Bitcoin Foundation, a humanitarian organization powered by Bitcoin, announced that it is working alongside Satoshibles NFT, to raise fu
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TradelandFX, a global forex trading platform, has divulged plans to create at least 2,000 job opportunities in the financial sector by 2024 afte
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Top cryptocurrency exchange LBank successfully holds a blockchain event for its premium users in Nigeria. Dubbed “LBank Blockchain and VIP Hango
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Forex trading has become one of the most popular ways to invest. After all, it is a pretty straightforward strategy that could help you grow your mone
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Fidelity Bank Plc has expressed commitment to supporting the Central Bank of Nigeria’s (CBN) efforts to achieve $200bn in foreign exchange repatriatio
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The naira has continued its downward spiral as the dollar is being sold for N417.51 at the official market on Thursday. This was contained in data obt
Read MoreThe Central Bank of Nigeria (CBN) has revealed that it would stop the sale of Foreign Exchange (FOREX) to Deposit Money Banks by the end of the year.
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According to data obtained from the Central Bank of Nigeria (CBN), in seven months, the country documented a foreign exchange inflow of $55.5bn. The
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In order to stablise dollar to naira exchange rate, the Central Bank of Nigeria (CBN) has been advised to allow Bureau De Change (BDC) operators to be
Read MoreThe high volatility of crypto and its valuation are not good for Nigeria’s financial stability, and that of others with the widespread adoption
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The Central Bank of Nigeria (CBN) first shut down on traders and financial institutions, enabling the trade as an official reaction to the thriving tr
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The Federal Government (FG) has reiterated its commitment to ensure that Nigerian manufacturers have access to more foreign exchange (Forex). Receivin
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