Nigeria government begins Naira-for-crude sales with dangote refinery
Wale Edun, Minister of Finance, reveals that the government has officially started selling crude oil…
Posted inNAIRA RATE NEWS
FG Secures $3b Loan to Stabilize the FX Rate as Naira Drops to N872 Following the Previous Week’s Hike to N930
Following the previous week's rise of the Naira to an unprecedented rate to USD, the…
Posted inNEWS
Kenya’s President Insists on Less Circulation and Trading With Dollar In Africa.
Kenya's President William Ruto has again urged African countries to consider settling cross-border transactions with…
Posted inEconomy General News
CBN Direct Banks To Trade Naira Freely Against Dollar, Harmonizing Bank And Black Market Prices To Over N700/ Dollar.
On Wednesday, The Central Bank of Nigeria directed Deposit Money Banks to remove the rate…
Posted inNEWS
Dollar USD Deposits In Nigerian Banks Takes 40% of The Total Deposits; IMF.
Deposits in Nigeria banks make up 40% United States (U.S.) dollars, the International Monetary Fund…
Posted inEconomy Fintech NEWS Regulations
Central Bank of Nigeria Ends Dollar Charges On Domestic Card Transactions.
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Thursday declared…
Posted inFundraise NEWS Regulations Trading
Ghana Cedis Makes A Comeback As Best Performing Currency Against Dollar.
Ghana’s national currency, cedis took the title of the world’s best performer against the dollar…
Posted inNAIRA RATE NEWS Politics
Naira Appreciates Against Dollar Amidts Crypto Market Chaos.
After two weeks of depreciation against foreign currencies, the naira has rebounded in the parallel…
Posted inFeatures NEWS Technology Trading
Bank Of Ghana Maintains Ban On Dollar Price Quotations, Following Call Out By Actress Lydia Forson.
Recently, the Bank of Ghana warned businesses quoting U.S. dollar prices that the practice remains…
Egyptian Banks Reduce Withdrawal Limit For Travelers Over Scarce Dollars.
Egyptian banks recently tightened limits on foreign currency withdrawals from local currency accounts as they…
Forex Scarcity Faulted As Naira Hit All Time Low Against Dollar.
Nigerian currency recently lost further ground against the US dollar after the naira’s parallel market…
Virtual Dollar Cards that Work in Nigeria: Pay Bills Online and Buy Bitcoin With Dollar Virtual Card
Following the flutterwave Barter's virtual dollar card suspension, many individuals are currently looking for alternative…
Posted inNEWS
CBN Directs Banks to Close Naira Ledger Accounts for IMTO to Increase Dollar Cash Inflow and Regulate Exchange Rates in the Country.
The Central Bank of Nigeria (CBN) has directed banks in the country to close all naira ledger accounts opened specifically for the purpose of receiving proceeds from international money transfer operator (IMTO)
Nigerian Naira Depreciates Further to N462 Per $1 at the Bitcoin Market.
Just In, Nigerian Naira depreciates further to N462 Per $1 on most Naira to Bitcoin Market in Nigeria. There is a severe pressure on Nigeria’s foreign exchange market which has equally affected other markets including the Bitcoin Market in Nigeria.
Posted inNEWS
Zimbabwe Suspends all Mobile Money Agent Transactions in Other to Control Hyperinflation.
Zimbabwe’s central bank has suspended all “mobile money agents” transactions in a bid control to hyperinflation in the country.
Posted inNEWS
Nigerian Naira Gains Against US Dollar After CBN Resumed Dollar Sales.
The Nigeria Naira has gained against the US Dollars following CBN's resumption on US Dollar Sales
Posted inNEWS
Naira Appreciates to ₦358 In The Parallel Market
The Dollar To Naira Exchange Market For Investors And Exports Appreciates. Data from FMDQ showed…