Tag: forex
EFCC arrests 34 for forex fraud in Abuja
The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested 34 suspected currency speculators for alleged foreign exchange fraud.
The suspected currency speculators...
Naira loses against dollar at official market, trades at N1,308.52/$
The Naira on Wednesday, April 24 further depreciated at the official market, trading at N1,308.52 to the dollar.
Data from the official trading platform of...
Naira loses 5.3% against dollar at official market
The Naira on Tuesday, April 23, 2024 depreciated at the official market, trading at N1,300.15 to the dollar.
Data from the official trading platform of...
EFCC freezes 300 accounts linked to illegal forex trading
The Economic and Financial Crimes Commission (EFCC) has frozen about 300 accounts linked to illegal foreign exchange trading in the country.
The EFCC Chairman, Ola...
CBN approves sale of $10,000 at N1,021/$ to 1,583 BDCs
The Central Bank of Nigeria (CBN) has approved the sale of an additional $10,000 to 1,583 eligible Bureaux De Change (BDCs) in the country...
Naira loses against dollar, trades N1,234.49/$ at official market
The Naira on Monday, April 22, 2024 slightly depreciated at the official market, trading at N1,234.49 to the dollar.
Data from the official trading platform...
ICYM: How I collected over $3m cash for Emefiele – CBN...
A Senior Supervisor with the Central Bank of Nigeria (CBN), Monday Osazuwa, has opened up on how he collected money on behalf of former...
CBN settles FX transactions, clears $7bn backlogs
The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of $7 billion.
This was disclosed by the Bank’s Acting Director, Corporate...
Forex crisis: Sack CBN Governor, bank executives, Bwala tells Tinubu
A former spokesperson for Atiku Abubakar’s presidential campaign in the 2023 election, Daniel Bwala, has urged President Bola Tinubu to sack the Governor of...
Obi: Clampdown on bureau de change operators’ll worsen forex
The presidential candidate of the Labour Party (LP) in the 2023 election, Peter Obi, says the clampdown on Bureau de Change (BDC) operators by...
