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See CBN new exchange rate pricing limit for BDC operatos in Nigeria

After a two-year ban, the Central Bank of Nigeria has resumed sales of dollars to BDC operators in the countryThe latest decision is part...

Business

Why the naira gained in official market after CBN's new rule to BDCs

The Nigerian currency recorded an N82 gain in the official market on Monday, February 26, 2024The naira exchanged for N1,582.94 per dollar as against...

Business

EXCLUSIVE: CBN May Reduce N2bn Capitalisation Requirement For BDCs, As ABCON Set To Submit Input On New Regulation

After resuming forex intervention to Bureau de Change Operators (BDCs), the Central Bank of Nigeria (CBN) is willing to lower the N2bn capitalisation requirement...

Business

Financial agency predicts shocking naira-dollar exchange rate by December 2024

The continued decline of the naira against major currencies in Nigeria is a cause for concern to the government and Nigerians in generalAgusto &...

Business

See latest naira to dollar exchange rate in official and black markets

Nigerian currency has once again dropped in value against the US dollar in the foreign exchange marketData shows that the naira in the official...

Business

See who to benefit as FG to share N25,000 monthly to selected Nigerians bank accounts

The Nigerian government said it will provide N25,000 to 15 million vulnerable families in three monthsThe federal government said the funds would...

Business

Forex: FG Investigating Those Involved In Illegal Activities, Sabotage- Information Minister

The Minister of Information and National Orientation, Mohammed Idris has disclosed that the government has been working round the clock in the past few...

Business

FG considers restricting Binance over alleged Forex manipulation as naira falls to lowest

Sources have said that the FG will block the cryptocurrency exchange, Binance, and other similar platformsThis occurred after the naira reached its all-time low,...

Business

Minister accuses cement makers of taking advantage of rise in dollar to inflate price

Minister of Housing and Urban Development, Ahmed Dangiwa, has accused cement manufacturers in the country of taking advantage of the rise in dollar against...

Business

Naira falls to N1720/dollar at parallel market

Having declined by 4.4 per cent and 9.5 per cent at the official and parallel markets respectively, the value of the naira continued to...

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