Reps summon Binance boss over alleged terrorism financing
The Chief Executive of Binance Holding Limited, Richard Teng, has been called upon by the House of Representatives Committee on Financial Crimes regarding suspicions […]
dollar
Naira grossly undervalued – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso says the Naira is grossly undervalued. Cardoso said this on […]
CBN mandates forex sellers above $10,000 to declare sources
The Central Bank of Nigeria (CBN has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above […]
Naira free fall worrisome, embarrassing, says expert
A financial expert, Dr Chijioke Ekechukwu, has said the continued depreciation of the Naira has become worrisome and embarrassing. Ekechukwu, an economist and a […]
It’s illegal for tertiary institution to collect tuition in dollar – NUC
The National Universities Commission (NUC) on Thursday reiterated its position that no tertiary institution in Nigeria is allowed to charge tuition fees in dollars. The […]
Alleged N10b money laundering: Bureau De Change operator testifies against Dauda Suleiman
By JOY ADARA, Abuja – A Prosecuting witness Three Pw3, in the trial of Ali Bello and Dauda Suleiman who are being prosecuted by the […]
EFCC sets Special Task Force against dollarization of economy & mutilation of currency
By CALLISTUS OFFOR, Abuja – The Economic and Financial Crimes Commission (EFCC), has raised a Special Task Force in all its Zonal Commands for the […]
CBN guidelines on Forex will stabilise Naira – NGO
The Independent Media and Policy Initiative (IMPI), says the new policies introduced by the Central Bank of Nigeria (CBN) will help stabilise the Naira […]
CBN bans use of foreign currencies for transactions in Nigeria
Against the backdrop of the current forex crisis in Nigeria and apparent move to restore the value of the Naira, the Central Bank of […]
Naira fall: Bank customers decry increasing hardship, reduced purchasing power
Bank customers resident in the Federal Capital Territory (FCT) have decried the continuous fall of the naira to the dollar. According to them, their […]
Dollar pulls back, bitcoin jumps ahead of ETF approval deadline
The dollar paused its rally on Tuesday, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year on the […]
Naira exchange rate stability and the Irrelevancy theory of the Bureau de Change By JONA N. EZIKPE
1. Introduction. There has been clamor by the Bureau De Change (BDC) operators for their readmission into the Investors and Exporters (I&E) window, […]
Residents lament high price of cooking gas as economist blames high exchange rate
Many residents of the Federal Capital Territory (FCT), on Sunday decried the continuous increase in the price of cooking gas. According to them, cooking […]
Naira strengthens to N950/$ in parallel market
Naira continued its rebound against the dollar on Friday, Nov. 3, strengthening to N950/$ on the average in the parallel market. At noon on […]
Fresh fuel price hike imminent as crude hits $94
The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar, might lead to a hike […]
Pastor Adeboye says glorious days of stronger naira will return
Th General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has declared that the “glorious days” when the Nigerian currency, naira […]
Take Chinese currency swap seriously, reduce reliance on dollars— Economist urges CBN
An economist, Prof. Akpan Ekpo, has urged the Central Bank of Nigeria (CBN) to take seriously the currency swap agreement with Peoples Bank of China […]
Naira loses, exchanges at N775.34 at investors, exporters window
The naira depreciated against the dollar on Tuesday as it exchanged at N775.34 at the Investors and Exporters window. The naira lost by 0.42 […]
Naira falls, exchanges at N782.38 to dollar
Naira depreciated against the dollar on Wednesday as it exchanged at N782.38 at the Investors and Exporters window. It lost by 3.38 per cent […]
Naira gains by 4.31% at investors, exporters window
The Naira on Friday appreciated against the dollar, exchanging at N743.07 at the Investors and Exporters window. The Naira gained by 4.31 per cent […]