Nigeria has demanded a retribution of $10 billion from the world’s largest cryptocurrency centralized exchange, Binance for providing a peer to peer (P2P) platform for her citizens to buy and…
Naira
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FOREX, COMMODITY & CRYPTOCURRENCYGLOBAL ECONOMYMONEY MARKETNEWS & PUBLIC ECONOMYTECHNOLOGY
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MONEY MARKETNEWS & PUBLIC ECONOMY
$2.4bn FX backlog claims fraudulent, invalid — CBN Gov
by Samson Echenim 2 minutes readCBN uncovers $2.4bn fraudulent FX backlog claimsA massive sum of $2.4 billion out of Nigeria’s controversial foreign exchange backlogs has been found to be fraudulent and invalid for settlement. Governor…
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FOREX, COMMODITY & CRYPTOCURRENCYMONEY MARKETNEWS & PUBLIC ECONOMY
Naira falls to N1,410 /$1 at black market
by Azeez Bukiby Azeez Buki 3 minutes readThe end to the helpless fall of the naira seems far as Nigeria’s currency fell to record low of N1,410 to $1 at the black market on Thursday. On the…
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MONEY MARKETNEWS & PUBLIC ECONOMY
Fitch Ratings says value of naira will continue to fall
by The Economyby The Economy 2 minutes readCredit ratings and research firm, Fitch Ratings Inc., has said the naira will continue to depreciate against the dollar as the increasing disparity between the official and parallel exchange rates…
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NEWS & PUBLIC ECONOMY
Tinubu promises swift economic recovery as exchange rate decline continues
by Samson Echenim 3 minutes readPresident Bola Ahmed Tinubu on Friday in Abuja reassured Nigerians that no stone will be left unturned in his administration’s multifarious efforts to stimulate the economy and make it work…
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NEWS & PUBLIC ECONOMY
Nigeria needs $60bn FX reserves to peg $1 at N500
by Samson Echenim 2 minutes readNigeria would need foreign exchange reserves of up to $60 billion to help the naira meet the dollar at N500, according to a policy document prepared for the government by…