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Finance & Money Market

Cryptocurrency: Binance Global CEO says Nigeria Binance Ltd is a ‘scam’

Changpeng Zhao, chief executive officer (CEO) of Binance, says the company’s subsidiary in Nigeria—Binance Nigeria Ltd, is a “scammer entity”.

June 19, 2023
A view shows Nigeria's Central Bank headquarters in Abuja

BREAKING

CBN lifts $10k deposit restriction on domiciliary accounts  

The Central Bank of Nigeria (CBN) has lifted restrictions on cash deposits into domiciliary accounts, saying customers “shall have unfettered and unrestricted access to...

June 18, 2023
Nigeria-FX-Market. Photo Credit: Daily Post

Finance & Money Market

EXPLAINER: Understanding CBN’s operational changes to the FX market

On Wednesday, the Central Bank of Nigeria (CBN) directed all commercial banks to sell forex freely at market-determined rates.

June 16, 2023
A view shows Nigeria's Central Bank headquarters in Abuja

Finance & Money Market

CBN directs banks to trade forex ‘freely’ as I & E window hits N755/$

The Nigerian naira is currently trading at N750-N755 per dollar at the investors and exporters (I&E) window.

June 14, 2023
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