Naira to appreciate soon Bayo Onanuga warns forex speculators
The Presidency has warned forex speculators to discard their Dollars, saying that the Naira will soon appreciate. President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, who made this call in a statement via his X handle yesterday, urged speculators to quickly dump their dollars to avoid “tears.” Onanuga was reacting to the […]
Cryptocurrency exchange, Binance, has announced plans to discontinue all services related to the Nigerian naira
Binance, a cryptocurrency exchange platform, was accused of exploiting the Nigerian currency, Naira, leading to its free fall in value. The company is, in addition, facing allegations of terrorism financing, money laundering and tax invasion, among others. Nigeria is one of the largest peer-to-peer crypto markets in the world. Between July 2022 and June 2023, […]
CBN discloses new guidelines for cash withdrawals
The Central of Nigeria has disclosed that Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions. It revealed this in a new ‘Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers.’ According to the bank, Withdrawals from these accounts will only be possible by transfer or through […]