Finance
Binance Blocks Nigerians Access to its Website
Binance, the world’s leading cryptocurrency exchange, has confirmed blocking its website and other cryptocurrency platforms to Nigerian users. This was disclosed on Thursday...
Naira Approaches N2000-$1 Despite EFCC Crackdown On Currency Exchange Black Markets
In a bid to address the worsening scarcity of the dollar and stem the depreciation of the Nigerian Naira, the Economic and Financial...
Just in: FG Allegedly Restricts Crypto Exchange Platforms in Nigeria
The Federal Government of Nigeria have allegedly banned cryptocurrency platforms, including Binance, OctaFX, Coinbase, and others, to revive the naira and tackle currency...
FX Crisis: Tinubu’s SA recommends ban on Crypto, Binance and Others
Bayo Onanuga, Special Adviser on Information and Strategy to President Tinubu, has recommended a ban on all cryptocurrency exchange platforms. He said this...
Nigerian Govt. Allegedly Pressured Binance to Restrict P2P Dollar Trading
Binance, the world’s largest cryptocurrency trading platform, on Tuesday, restricted Nigerians from freely engaging in dollar-naira trade on its peer-to-peer (P2P) platform due...
EFCC Raids BDC Operators Across States Over Forex Hikes
Following the arrest reports of Bureau De Change (BDC) operators by the Economic and Financial Crimes Commission (EFCC) at the Wuse Zone 4,...
Top 10 Largest Banks by Market Capitalisation Revealed
The world’s largest banks by market capitalisation exemplify the dynamic nature of the global banking sector, with top positions held by institutions from...
CBN increases customs exchange rate for the umpteenth time in less than a month
Not up to a week after reducing the Customs Exchange rate, the Central Bank of Nigeria (CBN) has once again hiked the rate...
FairMoney Moves to Acquire Umba, Strengthening its Foothold in African Fintech
FairMoney, a digital bank headquartered in Paris with roots in Lagos, is reportedly in talks to acquire Umba, a credit-led digital bank operating...
Tinubunomics: Nigerian Foreign Exchange Market Heading to ₦2000/$1
Amid a 29.9% inflation rate, the Nigerian Foreign Exchange market (NFEM) on Monday recorded a new low of naira to dollar rate at...
Unlike the Naira, Zambia’s currency appreciates to 21 Kwacha/USD
Zambia’s kwacha has experienced an impressive winning streak, marking its longest rally in nearly a year. The kwacha strengthened by 17.7% against the...
Atiku Propose Solutions to Foreign Exchange Crisis, Says Tinubu’s FX Policies Lack Proper Plans
Atiku Abubakar, the 2023 presidential candidate of the People’s Democratic Party (PDP), has criticised Bola Tinubu’s handling of Nigeria’s economic challenges, particularly the...