Nigeria’s telecom GDP growth rate on steady decline amid forex, inflation challenges
The once-booming telecommunications sector in Nigeria has continued its downward spiral with a continuous decline in the Gross Domestic Product ...
Tag: forex
Manufacturers urge CBN to resolve $2.4 billion forex dispute, warning of severe business impact
The Manufacturers Association of Nigeria (MAN) has asked the Central Bank of Nigeria (CBN) to resolve the unsettled $2.4 billion ...
One year after floating Naira, NGX market cap drops by $27.8 billion
About one year after the move by the Central Bank to float the Naira and achieve a unified exchange rate, ...
BINANCE: Court dismisses Gambaryan’s request to leave Kuje prison
The Federal High Court, Abuja, on Friday, dismissed the bail application of a detained Binance executive, Tigran Gambaryan, following the ...
CBN stops OPay, Palmpay, Kuda Bank, and Moniepoint from onboarding new customers
Some of the fintechs pointed out that the directive may have been misdirected given that most of the accounts involved ...
BDCs now buying dollars at N980/$, naira appreciating faster than expected – ABCON President confirms
The Association of Bureau De Change Operators of Nigeria (ABCON) said that as of Tuesday, the Bureau De Change (BDC) ...
Red Sea tensions: Threat or opportunity for traders?
The armed conflict between the coalition, headed by the U.S. and the Yemeni Houthis, is widely known. It has led ...
83% of our 2023 FX losses are unrealized, they potentially can be reversed – MTN CFO
Despite the substantial FX losses incurred by MTN Nigeria in FY 2023, approximately 83% of that amount remains unrealized.
5 tips for learning Forex faster, according to Octa experts
When you start learning Forex and take the first steps towards your financial goals, it’s easy to get bewildered by ...
Forex turnover surges by 202.97% as official exchange rate settles at N1499.07/$1
The forex turnover witnessed a notable increase of 202.97%, reaching $271.50 million, as the Nigerian naira made gains against the ...
