fbpx
Wednesday, February 8, 2023

Forex Traders Lose As Naira Rebounds To 720/Dollar

Two weeks after the Federal Government announced intentions to redesign the naira, the naira has rebounded 20.8 percent to 720/dollar on the black market....

Hike In Cooking Gas Prices Looms As Suppliers Lament Dollar Scarcity

Nigerians may start to experience an increase in cooking gas prices, as suppliers of the commodity lamented that dollar shortage in the foreign exchange...

Lekki Free Zone To Foster Blockchain Growth With Partnership

The Lekki Free Zone Development Company in collaboration with Gluwa, a company that develops blockchain technology, is examining the possibility of fostering a...

NSDC Boosts Sugar Production To Generate Forex, Employment

According to Mr Zacch Adedeji, Executive Secretary of the National Sugar Development Council (NSDC), the council is taking steps to make Nigeria's sugar industry...

Stakeholders To Discuss The Future Of Bitcoin At Conference

According to a press release, Bitcoin specialist Jack Joseph will be among other stakeholders at the first Africa Bitcoin Conference, which is scheduled to...

WOO Network Launches Its First Crypto Meetup In Nigeria

WOO Network, an international crypto trading platform on Friday launched its first Crypto Meetup in Lagos to connect crypto traders and build a sense...

27% of Nigerian Adults Own Cryptocurrency

It is safe to say that regardless of the CBN ban on crypto; the currency continues to flourish in Nigeria. Cryptocurrency adoption in Nigeria...

Forex Issues Deters Equipment Manufacturers From Production – Maina

Abubakar Maina, the project director for the Broadband Implementation Steering Committee, revealed to the National Digital Economy Council during a presentation on the Nigerian...

FG Must Prioritise Forex Allocation To Manufacturers – NECA

As long as the foreign exchange shortage remains, the Nigeria Employers Consultative Association (NECA) has stated that allocating available forex to manufacturing and other...

Naira Rises To N665/$ At Parallel Market After EFCC Raid

The Nigerian Naira maintained its pace on the parallel market on Tuesday, rising to N665 per dollar only days after security officers stormed an...

Naira Further Drops To N718 Per Dollar At Parallel Market

According to reports from Bureau de Change (BDC) operators in Lagos State, the Nigerian naira resumed its wild plunge on Friday, falling to an...

EFCC Raids Bureau de Change Operators

Operatives of the Economic and Financial Crimes Commission (EFCC) carried out a raid at Wuse Zone 4, a popular neighbourhood for bureau de change...

Popular

spot_imgspot_img