Boma Achenimie
The Central Bank of Nigeria (CBN), has successfully concluded a sale of government securities, issuing N1.053 trillion (US$680 million) in short-term instruments as part of its liquidity management exercise. The apex bank said 79 per…
Boma Achenimie
The Presidency on Wednesday confirmed the ban on online cryptocurrency and Foreign Exchange (Forex) platforms operating in the country. The Special Adviser to President Bola Tinubu on Economic Affairs (Office Of the Vice President), Tope…
Boma Achenimie
Mr Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) has said about $2.4 billion out of the reported $7 billion outstanding foreign exchange liabilities of the Federal Government are not valid for settlement.…
Kenechukwu Anaje
Flutterwave, a Nigerian fintech company had launched Swap, a digital platform for Nigerians to have immediate access to foreign currency at competitive exchange rates in partnership with Wema Bank and Kadavra BDC (Bureau De Change)…
The Russian-Ukraine war and the consequent sanctions against Russia by European countries and foreign exchange challenges have been identified as major contributors to the spiralling prices of Automotive Gas Oil (AGO) popularly called diesel and…
