Opeyemi Quadri 
There are 54 countries in Africa, and each of the countries has their legal tender which is used as a medium of exchange and accepted as means of payment for goods and services. Ouguiya is for Mauritania; Metical is for Mozambique while Malagasy ariary is the official currency of Madagascar CFA francs for instance is peculiar to 14 African countries … Read more
The Bitcoin price (BTC) has finally surpassed its $20K benchmark for 2020, trading at $22,753 (N10,881,625) at the time of this report, that the highest price in history. The most valuable digital asset made the $22K, gaining 16.76% in the last 24 hours. However, crypto analysts are forecasting short-term trends. Massive price swings are becoming … Read more
The Central Bank of Nigeria (CBN) has warned that Azimo Money Transfer isn’t a registered IMTO in Nigeria. The apex bank in a tweet also warned Nigerians to steer clear of another international money transfer operator TransferWise, saying they’re not licensed to handle money transfers in Nigeria. In properly managed and regulated by the CBN, … Read more
Do you have family and friends in Nigeria you would like to send money to? You need not worry because the Central Bank of Nigeria (CBN) has a list of certified IMTOs that can successfully help you deliver funds to your loved ones back home. What are IMTOs? IMTOs are International Money Transfer Operators that are licenced by … Read more
The U.S. Dollar is a global currency and the most widely used in the world, particularly for international trade. Sao Tome & Principe Dobra (STD), Sierra Leonean Leone (SLL), Guinean Franc (GNF), Malagasy Ariary, and Ugandan Shilling are the five weakest currencies in Africa as of February 1, 2024. Here is what the exchange rate is like between the USD … Read more
Today’s technology has made it easy for Nigerians residing abroad to easily send money to their loved ones at home. Interestingly, more methods are emerging every day for Nigerians to receive money from their family members in the United States, United Kingdom, Canada, and other countries around the World. Right on your tablet (mobile phone) you … Read more
The US Dollar might be the most traded currency in the World, but Kuwaiti Dinar is stronger than USD because it is a major exporter of oil, good utilisation of its oil revenue, is tax-free, and by pegging its exchange rate at a high level. The value of the Kuwaiti Dinar which was first issued … Read more
Hundreds of fraudulent blockchain project participants have been scammed, most of them pinkoin investors in Benue State and across Nigeria. Pinkoin is a non-existent digital currency being promoted by Inksnation which is registered under iBSmartify Nigeria by one Omotafe Sewanu, who promised hundreds of Nigerians more than 100% of their investment. We warned prospective investors … Read more
Over time, we’ve heard Nigerians asking, “Is the Emirate Dirham higher than the Nigerian Naira?” They are mostly those who are seeking greener pastures in the Arabian country. Their curiosity is centred around the Dirham to Naira exchange rate when it’s ripe for them to send money back home to their loved ones. If you … Read more
Dollar to Naira Exchange Rate this week Monday, December 14, 2020, to Friday, December 18, 2020, is going to be interesting and here are the five things that could trigger a slight spike in the value of US dollar against the Nigerian Naira this week. Last week between Monday, December 7 to Friday, December 11, … Read more