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Bitcoin Drops Under $30,000 For The First Time In Five Months

Bitcoin dropped underneath $30,000 on Tuesday for the first time in five months, hit by concerns over China’s ongoing crackdown…

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CBN Grants Lotus Bank Non-interest Banking Licence

The Central Bank of Nigeria has granted a non-interest banking licence to Lotus Bank Limited. A statement titled ‘CBN grants…

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CBN Governor, Emiefele Says CBN May Start Printing Gambia’s Currency

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, says the bank is willing to assist the Central…

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Money Market: Naira Tumbles By 51.95% Despite CBN’s Defense Measures

The value of the naira to the dollar fell from 196.99 in December 2015 to 410 in April 2021, reflecting…

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Naira Exchanges For N491/$ At Parallel Market

The naira exchanged to the dollar at N491.5/$ at the parallel market on Wednesday. Reports has it that the official…

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Nigeria To Launch Digital Currency Soon – CBN

The Central Bank Governor, Godwin Emefiele, has stated that digital currencies will be launched in the country soon. He disclosed…

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CBN Confirms N410.25/$ As The New Official Exchange Rate

The Central Bank of Nigeria has officially made the NAFEX Investor & Exporter forex window rate of N410.25 as its…

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World Bank To Invest $150bn In Africa

The President of World Bank Group, David Malpass, has revealed that the bank intends to invest $150 billion in Africa…

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Bitcoin Tumbles Below $40,000 After China Issues Warning

Bitcoin went below $40,000 for the first time in more than three months on Wednesday after China stated that cryptocurrencies…

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Banks Place Limits On Domiciliary Accounts Transfers

Banks have started placing new limits on transfers domiciliary accounts holders can make from cash to cash lodgements. The limits…

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