Forex – Page 2 of 5 – Prime Business Africa

EFCC, CBN Investigation Of Forex Frauds Validate Suspicion Of Banks’ Complicity

Things are unravelling in the foreign exchange segment of the financial industry. Indeed, foreign exchange deals that were consummated in the crevices of secret places are now being exposed for fraud as

Nze Chidi Duru

7 months ago

Just In: CBN Resumes Fx Sale To BDCs At N1,021/$1

Business·Latest News·Markets

CBN Clears $7bn Forex Backlog, Boosting Economic Confidence

The Central Bank of Nigeria has announced the successful clearance of all valid foreign exchange (Forex) backlogs, marking a significant milestone in the nation’s economic journey. This accomplishment fulfills a commitment made

Emmanuel Ochayi

8 months ago

Business·Latest News·Markets

Binance Adopts Price Caps As Presidential Aide Advocate Ban On Forex

In response to mounting concerns from Nigerian authorities, Binance, a prominent peer-to-peer cryptocurrency exchange, has taken measures to control the selling price of the cryptocurrency stablecoin, Tether, on its platform. This move

Emmanuel Ochayi

9 months ago

Naira Slips To ₦1,653 As Dollar Supply Drops

Business·Latest News·Markets

Nigerian Govt To Raise $10bn To Boost Foreign Exchange Liquidity As Naira Falls To N1,850/$1

In a bid to address the escalating challenges in the foreign exchange market, the Nigerian Federal Government has announced plans to secure a substantial sum of $10 billion. The aim is to

Emmanuel Ochayi

9 months ago

Business·Latest News

NSA, EFCC To Collaborate With CBN To Curb Forex Crisis Amidst Economic Hardship

In a move aimed at tackling the rampant forex speculation plaguing Nigeria’s economy, the National Security Adviser’s Office (NSAO), under the leadership of Nuhu Ribadu, has joined hands with the Central Bank

Emmanuel Ochayi

9 months ago

Business·Latest News·Markets

Naira Drops To N1,730/$1 In Parallel Market As EFCC Raids BDC Operators In Abuja

The Nigerian naira hit a new low against the US dollar on Monday, sparking concern among citizens as the currency continued its downward spiral in both official and parallel foreign exchange markets.

Emmanuel Ochayi

9 months ago

Business·Latest News

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

In a revelation today, the Governor of the Central Bank of Nigeria (CBN), Mr. Cardoso, unveiled the tangible results of recent reforms initiated by the apex bank, underscoring a surge in liquidity

Emmanuel Ochayi

9 months ago

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business·Latest News

$2.4bn Of The $7bn Inherited Were Linked to Non-existing Entities- CBN Gov Exposes Forex Phantom Transactions

Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria, revealed a shocking revelation about the foreign exchange backlog, stating that $2.4 billion of the $7 billion inherited was linked to

Emmanuel Ochayi

9 months ago

Business·Latest News

Economic Turmoil Unleashed As EFCC Targets Forex Traders Amidst Chaos, Confusion

In a turn of events, the Economic and Financial Crimes Commission (EFCC) launched a crackdown on Bureau de Change (BDC) operators, sending shockwaves through the financial markets. The operation aimed to apprehend

Emmanuel Ochayi

9 months ago

Naira Slips Again As Dollar Supply Drops

Business·Currency

5 Measures To Stabilize Naira As Value Sinks To New Low Of N1,400/$1

Concerns about the impact of persistent depreciation of the value of the naira on Nigerian economy have continued to worry stakeholders in different stakeholders.

Victor Ezeja

9 months ago

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Forex - Page 2

EFCC, CBN Investigation Of Forex Frauds Validate Suspicion Of Banks’ Complicity

CBN Clears $7bn Forex Backlog, Boosting Economic Confidence

Binance Adopts Price Caps As Presidential Aide Advocate Ban On Forex

Nigerian Govt To Raise $10bn To Boost Foreign Exchange Liquidity As Naira Falls To N1,850/$1

NSA, EFCC To Collaborate With CBN To Curb Forex Crisis Amidst Economic Hardship

Naira Drops To N1,730/$1 In Parallel Market As EFCC Raids BDC Operators In Abuja

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

$2.4bn Of The $7bn Inherited Were Linked to Non-existing Entities- CBN Gov Exposes Forex Phantom Transactions

Economic Turmoil Unleashed As EFCC Targets Forex Traders Amidst Chaos, Confusion

5 Measures To Stabilize Naira As Value Sinks To New Low Of N1,400/$1

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