Nigerians spent N1.39trn on the importation of seven out of the 43 items earlier restricted by the Central Bank of Nigeria from accessing foreign exchange on its official platform in the fourth... Read more »
Transnational Corporation (Transcorp) Plc on Monday announced the listing of its subsidiary, Transcorp Power Plc via listing by introduction on the Main Board of the Nigerian Exchange (NGX). The Group, in a... Read more »
TOKUNBO / FOREIGN USED CARS BELOW: 2012 Toyota Camry LE + Alloy wheels @ 9.2m (Gold ) 2010 Venza Limited + Pano roof @ 15.5m 2011 Camry Sport + Thumbstart @ 10m... Read more »
Scores of liquor sellers, on Thursday in Ibadan, staged a peaceful protest against the prohibition of production and sales of sachet alcoholic beverages in the country by the National Agency for Food... Read more »
Naira has continued its appreciation streak at the parallel section of the foreign exchange (FX) market. The local currency traded at N1,500/$ on Wednesday, representing a gain of 9.09 percent from N1,650/$... Read more »
Two senior executives at Binance have been detained in Nigeria as Africa’s most populous country tries to rein in speculation on the naira by cracking down on cryptocurrency exchanges. The executives flew... Read more »
Amid President Bola Tinubu’s government’s clampdown on cryptocurrency to save the battered naira, the world’s biggest cryptocurrency trading platform, Binance, has disabled its peer-to-peer function for Nigerian users. Peer-to-peer function, popularly known as... Read more »
Nigeria’s Central Bank Governor, Olayemi Cardoso has stated that about $26 billion has passed through Binance Nigeria. He took this question in response to the activities of cryptocurrency platforms like Binance. Read more »
The Central Bank of Nigeria (CBN) has announced the sale of foreign exchange to Bureau de Change (BDC) operators in the country. This was contained in a memo signed by Hassan Mahmud,... Read more »
In a move aimed at rectifying the persisting distortions in the retail segment of Nigeria’s foreign exchange market, the Central Bank of Nigeria (CBN) has taken a decisive step to bridge the... Read more »