FX debt: CBN owing only five banks, says Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that foreign exchange backlogs have been cleared in...
Banking & Finance
FG slams $10bn fine on Binance
The Federal Government has slammed a $10 billion fine on Binance amid a crackdown on the crypto exchange platform in...
Binance removes Naira from P2P market over staff arrest
Popular cryptocurrency trading platform, Binance on Wednesday removed the Nigerian currency, Naira from its peer-to-peer feature. The feature, known as...
Liquidation dividends: NDIC urges depositors to utilise virtual verification platform
Uzezi Samuel The Nigeria Deposit Insurance Corporation (NDIC), has advised customers of closed banks to utilise the virtual verification platforms...
Equity market gains N390bn
Omeiza Bilal Trading activities on the floor of Nigerian Exchange (NGX) on Thursday closed higher, appreciating by N390 billion. Market...
Equity market sheds N720bn on profit taking
Uzezi Samuel The Nigerian equities market extended its downward trend in Wednesday's trading session, declining by N720 billion as investors...
Stock market declines further by N773bn on MPR hike
Transactions on the stock market closed negative on Tuesday for the secondary day, depreciating further by 1.38 per cent and...
BDC: CBN mandates sellers above $10,000 to declare sources
By Omeiza Bilal The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of...
Equities market shed N67bn
Transactions on the floor of Nigerian Exchange (NGX) Thursday closed in a bearish, declining by N67 billion as a result...
Experts advocate managed float system to tackle FX volatility
By Omeiza Bilal with agency The recent decline in the Naira’s value across official and parallel markets has prompted suggestions...
