Stephen Angbulu The Federal Government may demand over $10bn from Binance as a penalty amid moves to salvage the value of the naira. Special Adviser
Tag: Naira
Naira drops to N2,000/1£ at parallel market
Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. A Bureau de Change operator at Wuse
Naira weakens at parallel market, rises at official window
The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that the apex bank was making
Nigerians lament as cash scarcity returns to Kano, Borno
As the December 31 deadline for the use of the old N200, N500 and N1000 banknotes approaches, scarcity of cash has been noticed in Kano
Naira falls to new low, trades N1,040/$ at parallel market
The naira plummeted to a new all-time low at the parallel section of the market on Wednesday. Survey carried out on street traders across the
Naira among Africa’s worst currencies, falls by 40% –W’Bank
The Nigerian naira is among the worst-performing currencies in Africa, the World Bank has said. It noted that the currency weakened by nearly 40 per
Dollar now N876 as forex shortage worsens
The naira maintained its downward trend against the dollar as it traded for 876/$ at the parallel market on Sunday. Some Bureau de Change operators,
Naira depreciates to N770.38/$ as demand pressure hits I&E
The Naira yesterday depreciated by 16 per cent to N770.38 per dollar in the Investors and Exporters (I&E) window following a surge in demand for
Naira crisis: Banks ration old notes, NLC insists on seven-day ultimatum
Deposit Money Banks have begun to ration the disbursements of old N1,000 and N500 notes to their customers amid uncertainty over whether the Central Bank
Fintech booms as naira crisis stretches banks’ digital platforms
The naira crisis and the failure of banks to rise to the occasion have prompted customers to embrace mobile money platforms. Funmi FABUNMI writes on
