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…
FX crisis
PZ Cussons to Offload Nigerian Subsidiary as FX Crisis Impacts Operations
Aduragbemi Omiyale By Aduragbemi Omiyale PZ Cussons is going ahead with its planned sale of its subsidiaries in Nigeria and…
Naira Drops 0.3% at NAFEM Amid Weak FX Supply
Adedapo Adesanya By Adedapo Adesanya The Naira remained in the dungeon on Thursday after it further depreciated against the United…
FX Crisis: Nigeria May Slam $10bn Fine on Binance
By Adedapo Adesanya The Nigerian government may be considering a $10 billion fine on Binance, a crypto exchange…
FX Crisis: Nigeria Mulls Ban on Binance, Other Crypto Firms
By Adedapo Adesanya Nigeria is considering blocking the online platforms of Binance and other crypto firms in the…
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: Cadbury Nigeria to Swap $7.7m Outstanding Loan for 402.1 million Equities
Dipo Olowookere By Dipo Olowookere To remain afloat and continue to deliver value to shareholders, Cadbury Nigeria Plc is considering…
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
By Dipo Olowookere The foreign exchange (FX) crisis in the country took a toll on the Nigerian Exchange…
Naira Weakens to N890/$1 at Black Market as FX Crisis Worsens
By Dipo Olowookere It is not a good time for the Nigerian Naira in the parallel market segment…