Legit on MSN4d
Nigeria Moves to Ban Dollar, Pound Sterling, Other Foreign Currency Payment in country
A law that would forbid using other currencies for payments and transactions within Nigeria passed First Reading on the floor ...
The Africa Report5d
Where is Nigeria’s volatile currency headed in 2025?
The Central Bank of Nigeria should consider the adoption of a crawling peg to reduce the volatility of the naira, Citi’s ...
Vanguard7d
Bill on prohibition of foreign currency use in Nigeria scales First Reading in senate
The Senate has initiated steps to restore Nigeria’s monetary sovereignty by outlawing the use of foreign currencies for ...
Legit on MSN5d
How the naira depreciated slightly against the dollar in official window
On Wednesday, the naira experienced a slight depreciation in the foreign exchange market, trading at N1,544.18 as against the ...
Nigeria inflation rises for third straight month in November
Nigeria's inflation rate rose for the third straight month in November, advancing to 34.60% in annual terms from 33.88% in ...
INFORMATION NIGERIA6d
Senate Proposes Bill To Prohibit Foreign Currency Use In Nigeria
The Nigerian Senate has introduced ... and foster national pride and economic self-sufficiency.” The bill aims to eliminate informal currency markets undermining the formal economy and encourage ...
Xinhua8d
Nigeria's central bank to checkmate illicit issuance of local currency
ABUJA, Dec. 16 (Xinhua) -- The Central Bank of Nigeria (CBN) has said it would begin to checkmate and penalize deposit money banks and other financial institutions caught illegally disbursing funds to ...
Daily Post Nigeria11d
Nigerian arrested for alleged $8m cryptocurrency scam targeting Australians
Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested Osang Usie Otukpa, a Nigerian national accused of orchestrating an $8 million cryptocurrency scam that defrauded 139 ...