Changpeng Zhao, The ‘Normal Guy’ Who Conquered Crypto
During his time at the helm of the world’s biggest cryptocurrency firm, former Binance boss Changpeng Zhao, who was sentenced to four months in prison in the United States on…
Nigerian Breweries Shareholders Approve N600bn Capital Raise After N106bn Loss
Nigerian Breweries Shareholders Approve N600bn Capital Raise After N106bn Loss Shareholders of Nigerian Breweries Plc on Friday unanimously approved a N600 billion capital raise by way of the rights issue,…
Minimising Volatility In Forex Market Critical To Ending Naira Fall – Muda Yusuf
An economist, Muda Yusuf, has called for minimising volatility in the foreign exchange market, saying that it fuels speculation and creates an unpredictable environment. Yusuf was reacting to the fluctuation…
Naira Slides To N1,450 Per Dollar In Parallel Market
The Nigerian naira took a steep dive on Thursday afternoon, hitting N1,450 per dollar in the parallel market, marking an 8.28% decline or a N120 difference from the earlier rate…
Naira Crashes against US Dollar, FX Gap Moderates
Naira Crashes against US Dollar, FX Gap Moderates The Nigerian naira gave up struggling momentarily against the dominant US dollar in the official market in the midweek trading session in…
EFCC Freezes Over 300 Crypto Accounts After Binance Ban
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that the agency has frozen about 300 accounts to ensure the safety of the foreign exchange…
‘Expect Increases Here And There’ – CBN Governor Speaks On Dollar To Naira Exchange Rate
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has told Nigerians to expect the Naira to continue strengthening against the United States Dollar and other foreign currencies.…
Naira Runs Out of Steam as FX Supply Plummets
Naira Runs Out of Steam as FX Supply Plummets The Nigerian naira tumbled amidst a struggle to find a market clearing rate across the forex market. Reversing the previous trend,…
When Naira went haywire and some people were celebrating, inwardly we were laughing at them – Shettima assures Nigerians
Vice-President Kashim Shettima has assured Nigerians that the Naira will continue to appreciate against the Dollar in the foreign exchange market. Speaking when a delegation of the Lagos Chamber of…
Functional Airplane Maintenance Centres In Nigeria Will Push Demand For Naira In Africa – Keyamo
Minister of Aviation and Aerospace Development, Festus Keyamo (SAN), says the Federal Government will come hard on people who obtain licenses to operate private flights but clandestinely commenced commercial flights.…