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CBN Provides $10,000 to BDCs at Fixed Rate: Circular Details
The Central Bank of Nigeria (CBN) has informed Bureau De Change (BDC) operators that they can access $10,000 each at
Bank of Ghana Suspends Forex Trading Licenses for GTB and FBNBank
The Bank of Ghana has suspended the Foreign Exchange Trading Licenses of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank
The Nigerian government imposed a $10 billion fine on Binance for allegations related to the forex crisis.
The Nigerian government fined cryptocurrency trading firm Binance $10 billion for allegedly contributing to the country’s monetary crisis. Special adviser
The Federal Government of Nigeria has initiated action against online cryptocurrency companies
The Federal Government of Nigeria has initiated action against online cryptocurrency companies, including Binance, citing forex market manipulation. This move
Nigeria’s Forex Market Sees Surge in Dollar Supply Amidst CBN’s Stabilization Efforts
Nigeria’s official foreign exchange market experienced a significant increase in dollar supply, reaching $440.13 million on Friday, amidst efforts by
CBN Denies Plan to Change $30 Billion Domiciliary Deposits to Naira
The Central Bank of Nigeria (CBN) dismisses rumors of converting $30 billion domiciliary deposits to naira. Responding to speculations, the
CBN Implements Measures to Unify Naira Exchange Rates Amidst Decline
The Federal Ministry of Finance, Central Bank of Nigeria (CBN), and EFCC are collaborating to stabilize the Nigerian naira amidst
CBN Injects $500 Million, Slashes Forex Backlog by $2.5 Billion
The Central Bank of Nigeria (CBN) has injected $500 million into the forex market, reducing the $10 billion backlog by
BDC Operators Worry About Naira Instability as Nigerians Adopt US Dollars
Bureau De Change (BDC) operators in Nigeria are expressing concern over the depreciation of the naira, leading many citizens to
Foreign Exchange Crisis: OPS Worried as Depreciation of Naira Severely Affects Businesses
The Central Bank of Nigeria and the FMDQ Securities Exchange have released data indicating that the value of the Nigerian