FX crisis

FX Crisis: Nigeria May Slam $10bn Fine on Binance

March 1, 2024

By Adedapo Adesanya The Nigerian government may be considering a $10 billion fine on Binance, a crypto exchange platform, amid a crackdown on crypto

Economy

FX Crisis: Nigeria Mulls Ban on Binance, Other Crypto Firms

February 21, 2024

Adedapo Adesanya

By Adedapo Adesanya Nigeria is considering blocking the online platforms of Binance and other crypto firms in the latest string of unorthodox measures to

Economy

Forex Crisis: CBN Prohibits Payment of BTA, PTA in Cash

February 15, 2024

Modupe Gbadeyanka

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has directed authorised foreign exchange (FX) traders, particularly commercial banks, from disbursing cash to customers

Economy

FX Crisis: Cadbury Nigeria to Swap $7.7m Outstanding Loan for 402.1 million Equities

January 9, 2024

Dipo Olowookere

By Dipo Olowookere To remain afloat and continue to deliver value to shareholders, Cadbury Nigeria Plc is considering a debt-to-equity initiative for its outstanding

Economy

FX Crisis: Obasanjo Calls for Economic Diversification

October 24, 2023

Adedapo Adesanya

By Adedapo Adesanya A former president of Nigeria, Mr Olusegun Obasanjo, has said the country must work towards weaning itself from the over-dependence on