FX Crisis: FG Gives Ultimatum to Deposit Dollar Cash or Risk Sanctions
Modupe Gbadeyanka By Modupe Gbadeyanka Nigerians living in the country have been given a nine-month grace period to return all…
forex crisis
FX Crisis: Nigeria May Slam $10bn Fine on Binance
Adedapo Adesanya By Adedapo Adesanya The Nigerian government may be considering a $10 billion fine on Binance, a crypto exchange…
Forex Crisis: CBN Prohibits Payment of BTA, PTA in Cash
By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has directed authorised foreign exchange (FX) traders, particularly commercial…
FX Crisis: Obasanjo Calls for Economic Diversification
By Adedapo Adesanya A former president of Nigeria, Mr Olusegun Obasanjo, has said the country must work towards…
Stock Investors Lose N140bn as FX Crisis Triggers Panic Selling
Dipo Olowookere By Dipo Olowookere The foreign exchange (FX) crisis in the country took a toll on the Nigerian Exchange…
FX Crisis: CBN Introduces Mechanism to Verify Prices of Imported Goods
By Adedapo Adesanya The current shortage in foreign exchange (forex) in the country has forced the Central Bank…
Forex Crisis Worsens as Pound Sells for N604
By Adedapo Adesanya The foreign exchange crisis continued to hit hard as the Naira further depreciated against the…
Naira Hits N522/$ as Forex Crisis Deepens
By Dipo Olowookere The foreign exchange crisis in Nigeria continued to sink deeper as the local currency further…
Banks Jostle for Fresh Capital as Forex Crisis Worsens
By Dipo Olowookere The worsening state of the Naira and rising non-performing loans have put banks in a…
Forex Crisis: Naira May Go Above N500 Per Dollar This Week
By Modupe Gbadeyanka The Nigerian local currency exchanged at N500 to the Dollar on the parallel market on…