3 results
- 22 Dec 2024
CBN Permits BDC Operators to Buy FX from NAFEM During Festive Season
Central Bank of Nigeria (CBN) has announced that eligible Bureau de Change (BDC) operators will have temporary access to the Nigerian Autonomous Foreign Exchange Market (NAFEM) to purchase $25,000…
- 29 Dec 2023
Naira Crashes to All-time Low to N1,043.09/$ at Official Market
Naira on Wednesday hit a record low of N1,043.09 per dollar, following strong demand for the greenback amid dollar shortage at the official foreign exchange (FX) market. After trading on Wednesday,…
- 21 Feb 2024
FG Blocks Binance, OctaFX, Coinbase others over Forex Crisis
Nigerian government has initiated its plan to block cryptocurrency trading platforms such as Binance, OctaFX, Coinbase and others in a bid to avert what it considers continuous manipulation of the…