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CBN Refutes Rumors of Naira Redenomination, Citing Misleading Narratives and Speculation
Nigeria CBN Refutes Rumors of Naira Redenomination, Citing Misleading Narratives and Speculation
Nigeria News
1 min read
The Central Bank of Nigeria (CBN) has issued a statement to dispel rumors of plans to redenominate the country's legal tender. The CBN's Director...
Naira Strengthens to N1,150/$ at Parallel Market Amidst Easing Forex Scarcity
Nigeria Naira Strengthens to N1,150/$ at Parallel Market Amidst Easing Forex Scarcity
Nigeria News
2 min read
The Nigerian Naira experienced a significant appreciation in the parallel market on Monday, as it strengthened to N1,150 per US dollar, marking a...
Aliko Dangote, Africa's Wealthiest Drops Off Global Top 100 Rich List
Nigeria Aliko Dangote, Africa's Wealthiest Drops Off Global Top 100 Rich List
Nigeria News
1 min read
Aliko Dangote, Africa's richest man and a prominent global business magnate, recently experienced a significant dip in his financial status. After...
Naira Defies Odds, Surges to N1113/$ in P2P Market
Nigeria Naira Defies Odds, Surges to N1113/$ in P2P Market
Nigeria News
3 min read
In a dramatic turn of events, the Nigerian Naira experienced a lightning-fast appreciation against the United States Dollar within a matter of...
Nigerian Naira Gains Ground, Closes at NGN801.10/$1 in Official Market
Nigeria Nigerian Naira Gains Ground, Closes at NGN801.10/$1 in Official Market
Nigeria News
1 min read
On Wednesday, the Nigerian naira experienced a significant boost, appreciating against the US dollar as it closed at NGN801.10 per $1. This marks...
Fidelity Bank Imposes Funds Transfer Restrictions on Neobanks Amidst Rising KYC Concerns
Nigeria Fidelity Bank Imposes Funds Transfer Restrictions on Neobanks Amidst Rising KYC Concerns
Nigeria News
2 min read
Fidelity Bank, a leading Nigerian commercial bank, has taken a significant step by blocking consumer fund transfers to neobanks, including...
Patricia Technologies Faces Backlash as Customers Reject Debt-to-Equity Conversion Offer
Nigeria Patricia Technologies Faces Backlash as Customers Reject Debt-to-Equity Conversion Offer
Nigeria News
2 min read
Nigeria's crypto trading company, Patricia Technologies, finds itself in hot water as its move to convert customers' assets into equity shares has...
Naira Tumbles to 1,220/Dollar as FG Unveils Forex Automation Plan to Stem Devaluation Crisis
Nigeria Naira Tumbles to 1,220/Dollar as FG Unveils Forex Automation Plan to Stem Devaluation Crisis
Nigeria News
3 min read
In a decisive move to counter the ongoing slump of the Naira, the Federal Government unveiled plans to automate all transactions within the...
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