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The Central Bank of Nigeria has directed banks and fintech firms to enhance their sanctions compliance systems, citing obligations under domestic...
The EFCC has confirmed investigations into CryptoBank Exchange (CBEX), a collapsed platform accused of defrauding Nigerians of N1.3 trillion...
Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) to N835 per litre, marking its third price cut in six weeks. This...
The EFCC and INTERPOL have launched an investigation into the collapse of digital trading platform CBEX, which allegedly defrauded Nigerian...
![Today's Naira Rate [16-04-2025]: Naira Faces Further Pressure, Parallel Market Reaches N1,618/$1](/data/attachments/215/215509-87dc62d198b8ac06e97c3370bd87c039.jpg?hash=bRaHhFf4n0)
Nigeria
Today's Naira Rate [16-04-2025]: Naira Faces Further Pressure, Parallel Market Reaches N1,618/$1
The Nigerian naira depreciated to N1,604 per U.S. dollar in the official market. Despite challenges, stakeholders remain optimistic due to Central...
Nigeria's inflation rate increased to 24.23% in March 2025, up from 23.18% in February. The rise was primarily driven by higher food and transport...
CBEX, a digital trading platform, allegedly swindled over N1.3 trillion from Nigerian investors after it locked withdrawal options and imposed...
Chaos erupted in Ibadan as furious investors looted the CBEX office following the platform's sudden collapse. The digital trading service...