Business

Naira weakens at parallel market, rises at official window

The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that…

2 years ago

CBN discovers $2.4bn forex irregularities causing naira instability

Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) disclosed on Monday, January 05, 2024 that a $2.4 billion…

2 years ago

Inside Nigeria: CBN Bans Use Of Foreign Currency For Transactions, Lists Sanctions

Voice Air Media, News Update In a proactive move to address the alarming depreciation of the Naira against the Dollar,…

2 years ago

No Plans to Convert $30 Billion Deposits to Naira Despite Market Speculations— CBN Clarifies  

The Central Bank of Nigeria (CBN) says there are no plans to convert $30 billion deposits in domiciliary accounts to…

2 years ago

Nigeria’s Central Bank Restricts Banks, Fintechs From International Money Transfers

VOICE AIR MEDIA, News Update THE Central Bank of Nigeria (CBN) has imposed a ban on banks and financial technology…

2 years ago

BREAKING: Naira rebounds as banks offload excess dollars

Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell…

2 years ago

Support grows for relocation of CBN departments to Lagos

Finance and economy analysts have shared perspectives on the relocation of some units and departments of the Central Bank of…

2 years ago

Naira To Trade At N2000/$ – Experts

Financial experts say the naira may hit N2000 to a dollar exchange mark in a matter of months considering how…

2 years ago

OPay Fortifies Mobile Payments, Rigorous KYC Measures, Account Removals Set to Begin

Leading the charge in mobile-based payments, OPay has pledged to implement a thorough removal process for accounts lacking a Bank…

2 years ago

Naira Plunges To #1,370/$ At Parallel Market

The naira on Wednesday, crashed to a record low of N1,370 /$ at the parallel market, inching closer to N1,400/$…

2 years ago