Some Bureau De Change operators (BDCs) on Wednesday reportedly sold a dollar for N1000 in Abuja. The social media user claimed currency exchangers had flooded the...
The Central Bank of Nigeria (CBN) on Friday revoked the licences of 4,173 Bureau de Change operators over their failure to meet regulatory guidelines. Sidi Hakama,...
The Nigerian government is demanding at least $10 billion in compensation from Binance amid a crackdown on the crypto exchange platform in a desperate attempt to...
President Bola Tinubu intends to raise $10 billion to increase liquidity in the foreign exchange market. On Tuesday, the naira hit an all-time low of 1,850...
The Presidency has countered Atiku Abubakar’s Foreign Exchange Solution, stating that a controlled floating of the currency to prevent further devaluation will merely return Nigeria to...
The General Overseer of the Redeemed Christian Church of God, RCCG, Pastor E.A. Adeboye, has suffered backlash from a cross-section of Nigerians over his prophecy on the Naira-Dollar...
The Peoples Democratic Party (PDP) on Tuesday appointed Adolphus Wabara, a former Senate President, as substantive Chairman of the party’s Board of Trustees. Wabara has been...
Nigeria is proposing that gas producers sell gas to local power plants in naira to ease dollar shortages following a second currency devaluation in less than...
The Economic and Financial Crimes Commission (EFCC), in an effort to stem the free fall of the naira in the FOREX market, has constituted a Special...
Bureau de Change (BDC) operators shut down services on Thursday in Abuja as a result of the unavailability of dollars. The chairman of the association, Abdulahi...