The Central Bank of Nigeria (CBN) recently announced the revocation of operating licenses of 4,173 Bureaux De Change (BDCs) operators …
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Naira Plunges to N1,600/$ in Parallel Market, US Dollar Hits Six-Week Low After Jobs Report Release
The Nigerian Naira experienced a significant depreciation at the parallel section of the foreign exchange market on Friday, reversing its …
Read More »CBN Approves 1.9% Reduction in Customs Forex Duty Rate
The Central Bank of Nigeria (CBN) has approved a reduction of 1.9% in the Customs Foreign exchange duty rate for …
Read More »BVN/NIN Linkage Deadline: Lagos Residents Besiege Banks, Seek Extension
In a bid to comply with the Central Bank of Nigeria’s (CBN) directive on the linkage of Bank Verification Numbers …
Read More »CBN Plans to Sell N1.64 Trillion Treasury Bills in Q2 2024
The Central Bank of Nigeria (CBN) has announced its intention to sell N1.64 trillion worth of Treasury Bills in the …
Read More »CBN Nearing Completion of FX Backlog Clearance
The Central Bank of Nigeria (CBN) is close to completing the clearance of outstanding foreign exchange (FX) backlogs, according to …
Read More »CBN Governor Cardoso Reveals Past Development Interventions Caused Over N10 Trillion in Damage
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), disclosed that previous direct development interventions by the financial …
Read More »CBN Board Nominee, Kalu Eke, Rejects Tinubu’s Appointment
One of President Bola Ahmed Tinubu’s nominees for the Central Bank of Nigeria (CBN) Board of Directors, Urum Kalu Eke, …
Read More »Cryptocurrency Trading Website Binance Poses Threat to Nigeria’s Economy: Presidential Spokesman
In a appearance on Channels Televisions Politics Today program, Presidential spokesman Bayo Onanuga raised concerns about the potential damage cryptocurrency …
Read More »Crypto Exchanges Halt USDT/USDC Sales in Naira Amid Regulatory Pressure
Several crypto companies in Nigeria have decided to stop allowing users to buy the USDT and USDC stablecoins using the …
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