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In a strategic move to deepen its presence in emerging economies, global cryptocurrency exchange MEXC has launched peer-to-peer (P2P) trading support for three new fiat currencies...
The naira appreciated to N1,600 per dollar in the parallel market at the close of trading hours on Monday, strengthening from N1,610 per dollar recorded over...
By Lukman Otunuga, Senior Market Analyst at FXTM On Wednesday 9th April, US reciprocal tariffs go into effect on numerous countries including Nigeria. Washington has slapped...
Lagos-based financial technology firm Patricia Technologies has commenced repayments to customers impacted by a 2022 security breach. This follows a two-year period where the company focused...
Nigerian naira has been listed as one of the worst-performing currencies in Sub-Saharan Africa in 2024. This is according to the World Bank’s latest Africa’s Pulse...
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)...
Mr Yemi Cardoso, Governor of Central Bank of Nigeria CBN, has stated that the apex bank will soon introduce a new set of foreign exchange laws...
By Lukman Otunuga, Senior Research Analyst at FXTM, The combination of mounting geopolitical risk and Fed rate expectations rocked global financial markets last week. Volatility is...
Paxful, a global peer-to-peer crypto marketplace announced the addition of Bitsika to the platform, expanding their range of local payment methods in Nigeria. The addition enables...
Central Bank of Nigeria (CBN) has fined about 28 financial institutions a total sum of N1.4 trillion or $3.9 billion to reduce excess cash in the...