Tag: Nigerias
Illicit funds draining Nigeria’s revenue, forex reserves, says ICPC chairman – The Sun Nigeria
•Every kobo of Nigeria’s revenue’ll count –Presidency
From Adanna Nnamani, Abuja
Chairman, Independent Corrupt Practices [...]
Nigeria’s Naira Unification Accelerates FX Inflows To $2.55 Billion In Two Months: ‘Promising’, Say Experts
Emmanuel shares with FORBES AFRICA: “The increase from $468 million to $2.55 billion serve as evidence that aligning official I&E rates with spot [...]
Nigeria’s SEC warns against trading on Binance
The Nigerian Securities and Exchange Commission (SEC) has warned local investors against using one of the world’s largest crypto exchanges, Binance. I [...]
Nigeria’s FX volatility, inflation to heighten in August
PwC buildingPwC Nigeria has projected higher inflation and continued volatility in the foreign exchange (FX) market in August.The firm in a recently r [...]
Nigeria’s CBN enhances eNaira with NFC upgrade for contactless payments
Despite the former governor's ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to display a commitment to its central bank d [...]
Nigeria’s FX convergence journey hits brickwall – The Sun Nigeria
•Rate rises to N762, N792 at I&E, black markets •Appoint substantive Governor –Experts
By Chinwendu Obienyi
Niger [...]
Airtel Africa Expects Fresh Blow to Financial Performance Amid Nigeria’s Forex Market Reforms
Airtel Africa, the continent's unit of New Delhi's telecommunications titan Bharti Airtel, is the biggest company in Nigeria by market value, currentl [...]
Airtel Africa expects fresh blow to financial performance amid Nigeria’s forex market reforms
Airtel Africa has expressed fears that the ongoing reform of the Nigerian foreign exchange regime could impact its financials.
For a corporat [...]
Nigeria’s New Foreign Exchange Policy to Result in Higher Cocoa Production, Official Says
By Obafemi Oredein
Special to Dow Jones Newswires
IBADAN, Nigeria--Nigeria's new foreign exchange policy announced this week will lead to the [...]
Here’s what Nigeria’s naira float means for its crypto market
Nigeria, known for its growing adoption of cryptocurrencies, particularly Bitcoin (BTC), on June 14, floated the nation’s naira currency to allow bank [...]
Nigeria’s central bank auctions FX at 645 naira, weaker than spot rate
ABUJA, June 2 (Reuters) - Nigeria's central bank has sold the dollar at 645 naira at its latest auction, results showed on Friday, lower than 465 nair [...]
Nigeria’s SEC Plans to Allow Asset-Backed Tokens on Digital Exchanges But Not Crypto: Bloomberg
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and informatio [...]
Nigeria’s eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg
Nigeria has been struggling with a crippling cash shortage since the central bank started replacing old naira notes with new ones late last year. Curr [...]
Nigeria’s Bitcoin Premiums May Better Reflect Country’s Demand for the Dollar, Not Crypto
Nigerians are paying a premium, but probably more for the U.S. dollar than for bitcoin, an analyst told CoinDesk.
www.coindesk.com [...]
Nigeria’s FX outflows to UK via study expenses hit $2.5bn in 2022
By Chinwendu ObienyiDespite the prevailing scarcity of FX in the economy, annual foreign exchange outflow via study expenses to the UK hit about $2.5b [...]