Posted inEconomy NAIRA RATE NEWS Stocks
Naira Rates: Nigeria Foreign Reserve Hits $36.87B Following the Sale of Domestic Dollar Bond
Nigeria’s foreign exchange (FX) reserves increased by $621.2M in 10 days following the recent sale…
ECOWAS Suspends Single Currency Plans Sighting Political Challenges
After years of planning and setbacks, the Economic Community of West African States (ECOWAS) has…
Nigerian Banks to Deduct N50 on Transfer Inflows Above N10,000
In compliance with the instructions of the Federal Inland Revenue Service (FIRS), fintech establishments have…
Bank of Uganda Cuts Interest Rate by 0.25%
For the very first time in history, the Bank of Uganda reduced its key rate,…
“Naira For Crude” will reduce the need for the US dollar.
The renowned Nigerian billionaire businessman Aliko Dangote praised the “Naira for Crude” initiative introduced by…
China’s Lending to Africa increased to $4.6B in 2023
Boston University’s Global Development Policy Centre released a research study on Thursday unveiling an increase…
Posted inEconomy NEWS Regulations
Nigeria Proposes VAT Increase to 10%
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended increasing the Value Added…
SEC Nigeria Selects 23 Fund Managers For the $10B Nigeria Global Investment Fund.
The Securities Exchange Commission (SEC) in Nigeria has now approved 23 fund managers for the…
Nigeria Government to introduce new cryptocurrency tax law by September
The Nigerian government has recently highlighted the intention to introduce a new cryptocurrency tax law…
CBN approves the merge of Unity Bank Plc with Providus Bank Limited
Unity Bank Plc notified the Nigerian Exchange Limited (NGX), shareholders, and other stakeholders that the…
Posted inEconomy NEWS Regulations
Zimbabwe seeks input from crypto firms on its virtual asset regulation guidelines.
Zimbabwe is looking to develop robust regulation guidelines for virtual assets and is looking for…
Posted inEconomy NAIRA RATE NEWS Trading Trends
BlackRock’s $400 million iShares ETF to exit Nigeria
BlackRock, the world’s largest Bitcoin ETF (IBIT Fund) asset manager, will close iShares Frontier, a…
Posted inEconomy Exchange NAIRA RATE NEWS Trends
Naira Rates: CBN Forms Task Force to Double the Remittance Inflows
The Central Bank of Nigeria (CBN) has formed a task force that will drive the…
Posted inEconomy Exchange NAIRA RATE NEWS Regulations
CBN Refutes Claims on a Circluar Claiming to Apprehend P2P Merchants in Nigeria.
In a recent tweet from the Central Bank of Nigeria, the country's top financial institution…
Posted inEconomy NEWS Regulations Trading Trends
CBN Deletes Tweet Debunking a Circular Claiming to Prohibit Banks From Facilitating Payment for Crypto Exchanges
The Central Bank of Nigeria has debunked a circular currently circulating about its institution prohibiting…
Posted inEconomy Regulations
Dovish Outlook from FOMC Drives The Cryptocurrency Market Back Up
Despite the prevailing optimism, worries persist about the possibility of another significant downturn as the…
Which Country Made The Most Profit From Crypto Trading In 2023?
A Chainanalysis report reveals that crypto investors made an estimated profit of $ 37 billion…
Pantera Capital Shows Interest in Buying up FTX’s Solana Holdings
As per February's marketing documents, prospective investors were offered the opportunity to purchase SOL at…
Posted inEconomy NEWS Regulations
CBN debunks Alleged Plans to Convert $30 Billion Domiciliary Deposits into Naira.
The bank said the allegation is false and only aims to trigger panic in the…
Posted inEconomy NAIRA RATE Regulations
Nigerian Bureau De Change Blames it’s shutdown on Crypto P2P Emergence
Although Nigerians involved in FX transaction prefer using crypto due to ease and speed, analysts…