Naira ends lower as FX market turnover drops 21%: FMDQ
The naira weakened further against the dollar this week on the official market as the turnover for trades between banks
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Money
FX futures contracts surge, signal expectation of naira devaluation
As the Nigerian currency continued to wobble against the dollar, the demand for foreign exchange futures contracts soared more than
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Nigeria emerges 5th most interested country in Bitcoin
Nigeria is the fifth country most obsessed with Bitcoin, a new study has shown. It is the only African country
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CBN orders banks to pay new naira notes over the counter
The Central Bank of Nigeria (CBN) has directed deposit money banks to commence the payment of the redesigned naira notes
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Ecobank named best place to work in Africa
Ecobank Group announced on Monday that it has won the ‘Best Place to Work in Africa 2022 Award’ from the
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Old naira: 10-day extension “grossly inadequate”, says CPPE
The extension of the deadline for the expiration of old naira notes to February 10, 2023 is “grossly inadequate,” the
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GTB’s UK unit slammed £7.67m fine over ‘serious weaknesses’
The Financial Conduct Authority (FCA) has fined Guaranty Trust Bank (UK) Limited £7,671,800 for “serious weaknesses in its anti-money laundering
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Naira ends weaker against dollar in first week of 2023
The Nigerian currency weakened further against the dollar in the official foreign exchange market this week, closing at N461.01/$ on
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Dangote’s net worth drops for first time in four years
The net worth of Aliko Dangote, Africa’s richest person, has dropped for the first time in four years, making him
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GTBank suspends use of naira card for international transactions
Guaranty Trust Bank Limited, one of the tier-one banks in Nigeria, announced on Thursday that it had suspended the use
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