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 $26 billion has passed through Binance Nigeria. He took this question in response to the activities of cryptocurrency platforms like Binance. Read more »
The Central Bank of Nigeria (CBN) has announced the sale of foreign exchange to Bureau de Change (BDC) operators in the country. This was contained in a memo signed by Hassan Mahmud,... Read more »
In a move aimed at rectifying the persisting distortions in the retail segment of Nigeria’s foreign exchange market, the Central Bank of Nigeria (CBN) has taken a decisive step to bridge the... Read more »
After a week of sustained raids, the operations of Bureau De Change (BDCs) will resume nationwide today (Tuesday), it has been learnt. After a week of sustained raids, the operations of Bureau... Read more »
Naira appreciates further to N1,650/$ at parallel market Naira appreciated by 6.78 percent, representing N120 drop compared to the N1,770/$ traded on February 23, 2024. Read more »
Pat Utomi, a prominent economist and leader of the Labour Party, has issued a strong caution that the naira could plummet to N10,000 per dollar if immediate action is not taken. Utomi... Read more »
The Association of Master Bakers and Caterers of Nigeria has announced that it is poised to begin a nationwide strike on Tuesday, February 27. In a statement on Monday announcing the strike,... Read more »
Qatar has now agreed to President Bola Tinubu’s proposal for a meeting to discuss business matters, despite previous reports suggesting that they had rejected the visit. The meeting is scheduled for March... Read more »