FOREX
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Business
Naira falls to 1,705/$ in parallel market
The naira weakened further in the parallel market on Wednesday, trading at ₦1,705 per US dollar, according to Bureau De…
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Business
EFCC clamps down on BDC operators again, as naira sells at 1,416/$
The Economic and Financial Crimes Commission appeared to have resumed their onslaught against Bureau De Change operators as some of…
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Business
Naira rises To N1,250/$ at parallel market
The naira rose to N1,250 per dollar at the parallel section of the foreign exchange (FX) market on Monday. The…
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News
Binance will destroy our economy if not stopped – Presidential spokesman, Bayo Onanuga
Presidential spokesman, Bayo Onanuga has said that the cryptocurrency trading website, Binance, will destroy Nigeria’s economy if not checked. Appearing…
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Business
Police arrest 9 suspected forex hawkers in Kano
The police in Kano State have arrested 9 suspected foreign exchange hawkers for illegal operation of Bureau De Change in…
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Business
EFCC arrest 50 bureau de change operators in Abuja
Operatives of the Economic and Financial Crimes Commission on Monday, February 19, raided a Bureau de Change location at the…
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News
It’s illegal to collect tuitions in dollars – NUC warns Nigerian Universities
The National Universities Commission, NUC, has reiterated that no tertiary institution in Nigeria is allowed to charge tuition fees in…
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Travel
Foreign airlines may leave Nigeria over trapped $790m – IATA
The International Air Transport Association (IATA) has warned the Central Bank of Nigeria (CBN) that some foreign airlines may be…
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Business
Profits of Nigerian banks increase by 156% following forex gains
Nigerian Banks have recorded extraordinary profits following recent gains in foreign exchange arising from the depreciation of the Naira. According…
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Business
Naira records gain against dollar again
The Nigerian currency, Naira continued its rise against the United States dollar at the black market on Friday as it…
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Business
Naira falls to 1,025 per US dollar
The slide continues for the Nigerian currency, Naira, as it fell further on Tuesday, exchanging at the parallel market between…
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Business
Naira trades at N773.4 to a US dollar in I&E window
The Naira traded at N773.4/$ at the investors and exporters (I&E) window on Wednesday, August 23, 2023. Data from FMDQ…
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Business
Nigeria’s reserve is $3.7b, not $33.8b announced by CBN- JP Morgan
Global financial service firm JP Morgan has estimated Nigeria’s net foreign reserve to be $3.7 billion, and not the $33.8…
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Business
Why Naira is falling, Acting CBN Governor explains
The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi has blamed the continuous fall of the Naira…
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Metro
Naira appreciates to N740/$ at I&E window
The Naira on Wednesday, July 26, bounced back to N740.08 per dollar at the investors and exporters (I&E) window. This…
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