Nigeria’s Central Bank sells forex to stabilize naira amid currency crisis
Nigeria‘s central bank sold the dollar at 1,450 naira to retail exchange bureaux on Thursday in an effort to stabilize the currency.
Naira rated worst-performing currency globally in the first half of 2024
Nigeria‘s Naira has been identified as the worst-performing currency globally in the first half of 2024, according to a Bloomberg report on
Nigerian lawmakers propose bill to limit Central Bank’s autonomy
Nigerian lawmakers are seeking to limit the central bank’s control over economic policy by proposing to set up a committee to coordinate
Nigeria revokes licences of thousands of exchange bureaus for non-compliance
Nigeria‘s central bank has announced the revocation of licences for 4,173 exchange bureaus due to non-compliance with regulatory guidelines and directives. The
Nigerian naira falls to new record low on official market -FMDQ Exchange
According to data from the FMDQ Exchange, Nigeria‘s naira currency plunged to a new record low in intraday trading on Thursday, slipping
Nigeria’s naira hits record low against dollar despite Central Bank measures
Nigeria‘s currency, the naira, hit a record intra-day low against the dollar on Friday, following a recent devaluation, marking its second adjustment
Nigeria: Former central bank governor Godwin Emefiele faces additional charges in high-profile corruption case
Nigerian prosecutors have introduced 14 new criminal charges, including forgery, against former central bank governor Godwin Emefiele in what has become the
Dangote Group cooperates with Nigeria government investigation on forex misuse
Nigeria‘s Dangote Group has affirmed its commitment to cooperating with the Economic and Financial Crimes Commission (EFCC) in an investigation into the
Nigeria’s financial crimes authorities probe Dangote Group over alleged foreign exchange irregularities linked to former central bank governor
Lagos, Nigeria – Nigeria’s Economic and Financial Crimes Commission (EFCC) conducted a thorough inspection of the financial records of the Dangote Group
Nigeria lifts ban on cryptocurrency transactions
Nigeria‘s Central Bank has officially lifted the ban on transacting in cryptocurrencies, marking a notable shift in its stance on digital assets.