Highlighting the pervasive impact of corruption on Nigeria’s governance landscape, Moghalu urged for concerted efforts to combat corruption and implement robust social security systems aimed at...
The defendants were charged with conspiracy, unlawfull operation of forex trading as BDC operators without licence from regulatory agencies and deriving various sums of money from...
The volume of dollars (turnover) traded in the market increased by 36 percent to $296 million from $217.14 million traded on Thursday.
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), said the naira is undervalued largely due to distortions by perpetrators in the foreign exchange market.
Recall that recently, the scarcity and demand for dollars have led to a significant decline in the Naira. The problem according to analysts has been compounded...
Omotola further proposed that amnesty should be given to everyone paying dollar cash for the next 90 days and that such cash lodgment should not be...
IMF said Nigeria had been hit by another adverse climate shock in early 2024, following severe flooding in late 2022, which exacerbated the current weakness in...
Stressing that this initiative was not just about revenue generation, but about creating inclusive and sustainable growth, Tinubu said by efficiently managing public resources, the government...
“The primary objective of this alliance is to systematically identify, thoroughly investigate and appropriately penalize individuals and organizations involved in wrongful activities within the FX market.
According to data from FMDQ Securities, a platform that oversees foreign exchange trading in Nigeria, the local currency hit an intra-day trading high of N1,631 and...