EFCC Officials Raid Abuja Dollar Market With Gun In A Bid To Rescue Naira from Further Fall
Editorial Staff The operatives of the Economic and Financial Crimes Commission (EFCC) on Monday, February 19, 2024,...
Forex
CBN Bans Payment of Travel Allowance by Cash as FX Crisis Deepens
Opeyemi Quadri As the foreign exchange crisis deepens in Nigeria, the apex bank has directed all Authorized...
Find Out Your Salary Equivalent in US Dollars
The Nigerian currency is at its lowest ebb ever. It has never experienced the kind...
CBN Bars WorldRemit, Others From Making Dollar Transfer to Nigerians
WorldRemit, MoneyGram, and other International Money Transfer Operators (IMTOs) will cease releasing dollars or other...
Nigerian Banks Block Payoneer From Sending Dollar To Nigeria
Pyoneer can no longer send dollars and other foreign currencies to Nigeria. This change is...
CBN Removes ±2.5% Cap Spread On FX Transactions Among Banks
The Central Bank of Nigeria (CBN) is bringing another twist to Nigeria’s foreign exchange market...
4 CFD Trading Strategies You Should Master
CFD trading has become very popular over the years. The advancements in technology and online...
Somali Shilling Now Stronger Than The Naira
The Somalian currency (SOS) is now stronger than the Naira. 1 SOS can buy N2.8,...
Nigeria May Impose ‘Heavy’ Tax On Foreign Exchange Transactions At Parallel Market
The imposition of excise tax on foreign exchange transactions outside the official market is one...
Tinubu Speaks on FOREX As Naira Falls To N1,220 Against Dollar
Just a few minutes after the Naira slid to $/N1,220 against the US Dollar at...
How To Achieve USD/N500 Exchange Rate – Financial Expert Reveals
A financial analyst Kalu Aja has proffered solutions to the lingering FOREX crisis in Nigeria,...
To Devalue or Defend The Naira? CBN Must Make A Choice (OPINION)
The dollar closed at $/N782.68 Thursday, October 19, 2023, according to data from the FMDQ...
8 Things You Need to Know About CBN’s Lifting of FOREX Restrictions on 43 Items
Will a crate of eggs reduce to N700 from N2,700 (the current price) as Nigeria’s...
Facts About Fuel Subsidy Payment Under Bola Tinubu
Has Tinubu returned fuel subsidy? In the month of August 2023, President Bola Tinubu-led government...
Naira May Exchange for N1,045 to a Dollar By September 30
For the first time in the history of Nigeria, the Naira may cross over N1,000...