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Tag "FX"

Binance to discontinue ALL naira transactions from March 8

    Binance to discontinue ALL naira transactions from March 8

Binance Nigeria has announced plans to cease all services in naira, the country’s local currency, from March 8, 2024. The cryptocurrency platform announced the decision on its website on Tuesday.

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Bank of Ghana suspends FX trading licences of GTB, FBN over ‘regulatory breaches’

    Bank of Ghana suspends FX trading licences of GTB, FBN over ‘regulatory breaches’

The Bank of Ghana says it has suspended the foreign exchange (FX) trading licences of two Nigerian-owned banks over fraudulent documentation during operations. The Ghanaian apex bank, in a statement

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CBN resumes sale of dollars to BDCs, cites high demand

    CBN resumes sale of dollars to BDCs, cites high demand

The Central Bank of Nigeria (CBN) says it has approved the sale of foreign exchange (FX) to bureau de change (BDC) operators. The CBN announced the development in a statement

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Peg customs duty FX rate at N1,000/$, CPPE tells CBN

    Peg customs duty FX rate at N1,000/$, CPPE tells CBN

The Centre for the Promotion of Private Enterprise (CPPE), has urged the Central Bank of Nigeria (CBN) to peg the customs duty exchange rate at N1,000 per dollar for the

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Nigeria’s capital importation plunged to $3.9bn in 2023 — lowest since 2007

  Nigeria’s capital importation plunged to $3.9bn in 2023 — lowest since 2007

Nigeria’s economy faces fresh concerns as data released by the National Bureau of Statistics (NBS) showed a significant decline in

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Postulations affecting FX market… not everyone is an expert, says Tinubu

  Postulations affecting FX market… not everyone is an expert, says Tinubu

President Bola Tinubu says Nigerians should allow those assigned to manage Nigeria’s foreign exchange to perform their duties. Tinubu, during

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PTA/BTA: CBN stops cash payments, directs banks to use electronic channels

  PTA/BTA: CBN stops cash payments, directs banks to use electronic channels

The Central Bank of Nigeria (CBN) says payment of personal travel allowance (PTA) and business travel allowance (BTA) in cash

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CBN ‘concludes’ payment of ALL verified FX claims by foreign airlines

  CBN ‘concludes’ payment of ALL verified FX claims by foreign airlines

The Central Bank of Nigeria (CBN) says it has concluded the payment of all verified foreign exchange (FX) claims by airlines

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‘We’ll open back up’ — syringe factory shuts down temporarily over FX challenges

  ‘We’ll open back up’ — syringe factory shuts down temporarily over FX challenges

Jubilee Syringe Manufacturing (JSM) has temporarily ceased its operations, attributing the decision to foreign exchange (FX) challenges. Akin Oyediran, managing

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SEC DG to FG: Embrace non-interest capital market for greater FX inflows

  SEC DG to FG: Embrace non-interest capital market for greater FX inflows

Lamido Yuguda, director-general of the Securities and Exchange Commission (SEC), says Nigeria can attract  huge foreign exchange inflows, if opportunities

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