Naira rebounds as banks offload excess dollars

Naira rebounds as banks offload excess dollars

Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks on Thursday made frantic efforts to offload their surplus dollar stocks, PUNCHONLINE reports. It was learnt that the treasury departments of the DMBs spent the entire day … Read more

EFCC Warns Nigerians of Increase in Circulation of Counterfeit Dollars

The EFCC has warned Nigerians of an increase in the circulation of counterfeit dollars and cybercrime in Benue State and has taken steps to address the issue. news.ng reports. On Thursday, the EFCC Acting Chairman, Mr. Abubakar Musa Bello, addressed a workshop on Effective Reporting of Economic and Financial Crimes, which was attended by 30 … Read more

15 Best App to Buy Dollars in Nigeria

15 Best App to Buy Dollars in Nigeria

15 Best App to Buy Dollars in Nigeria – The digital era has introduced an easier and faster way to buy dollars in Nigeria. Here are the top 15 mobile applications you can use to purchase dollars directly from your smartphone: The 15 Best Apps to Buy Dollars in Nigeria Are: 1. AbokiFX: It is … Read more

Bureau De Change Operators Stop Accepting Dollars In Exchange For Naira In Adamawa

Bureau De Change Operators Stop Accepting Dollars In Exchange For Naira In Adamawa

For about 48 hours, the operators have rejected dollar bills from sellers due to growing uncertainty in the parallel market.InformationGuideNigeria  Following its decline against the naira from N870 to approximately N680, operators of Bureau De Change in the state of Adamawa have temporarily ceased processing transactions in US dollars, SaharaReporters has learned. Due to the … Read more

Pound hits record low versus dollar, markets hit by recession fears

Pound hits record low versus dollar, markets hit by recession fears

The pound fell to a record low against the dollar on Monday as investors worried about the UK economy after the government unveiled a massive tax-cutting budget.infomation guide nigeria The sell-off occurred as equity markets in Asia and Europe fell once more, owing to a growing fear that central bank interest rate hikes to combat … Read more