Money

Naira weakens to 532/dollar despite rising forex reserves

The Nigerian currency weakened further against the dollar at the parallel market on Monday despite the rise in the country’s foreign...
Currency in circulation drops to N2.78tn

Currency in circulation in the country dropped by N50bn to N2.78tn in February from N2.83tn as of January, the latest figures...

CBN defends naira with $5.62bn in three months

The Central Bank of Nigeria injected $5.62bn into the foreign exchange market in the fourth quarter of...
Naira-4-dollar scheme ends May 8, banks tell customers

Deposit Money Banks have informed customers that the Central Bank of Nigeria’s ‘Naira-4-dollar scheme’ will end on...
Naira exchanges for N481/$ at parallel market

The naira on Monday exchanged for N481/$ at the parallel market. At the Exporter & Importer forex...
Crypto exchanges move to control scam activities in Nigeria

Cryptocurrency exchanges in Nigeria are taking measures to ensure a safe trading environment for investors with upgraded...
Bitcoin reaches fresh record high

The bitcoin, the most popular cryptocurrency, hit a fresh record high above $60,000 on Saturday, according to...
Currency in circulation dropped to N2.83tn in Jan

Currency in circulation in the country dropped by N70bn to N2.83tn in January from N2.9tn as of...
How crypto exchanges checkmated scam activities in Nigeria

Just recently, the Vice President of Nigeria, Yemi Osinbajo became the most important voice in the government on...
BOI seeks financial bodies’ support on economic growth

The Managing Director, Bank of Industry, Mr Olukayode Pitan, has called for support of other development financial...
Emefiele under fire for view on cryptocurrency

The Central Bank of Nigeria (CBN) Governor Godwin Emefiele has been under heavy fire online for describing...
Bitcoin growth with technology advancement

It’s no secret that Bitcoin is now the talk of the fin-tech world. Bitcoin is the most...
Cryptocurrency: We acted in Nigerians’ best interest –Emefiele

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said the bank’s decision to...
Virtual assets, Cryptocurrencies risky for Nigeria – ICPC boss

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, SAN,...
Use of cryptocurrencies, a concern – IMF

The International Monetary Fund has called for caution in the use of cryptocurrencies, describing it as a...
Naira gains slightly, exchanges for 473/$

The naira on Monday exchanged at 473/$ at the parallel market, after trading at 477 the previous...
Bitcoin hits record high $50K

Bitcoin hit a new record high and approached $50,000 on Sunday, as Wall Street and Main Street...
Cryptocurrency ban: No policy rift with CBN – SEC

The Securities and Exchange Commission (SEC) has disclosed that there is no policy conflict between itself and...
Naira rallies against Dollar

The Nigerian Naira continued its rally against the U.S. dollar, gaining additional N2 today, in the unofficial...
Regulate cryptocurrency transactions, CBN urged

Experts have urged the Central Bank of Nigeria (CBN) to put measures in place to regulate the...