naira

1 min read

Nigeria Receives Nearly $100,000 From Unlicensed Crypto Firms

6 months ago bitnews

The Nigerian government received nearly $100,000 from two cryptocurrency firms accused of conducting unlicensed conversions of tether (USDT) to naira...

1 min read

Nigeria Injects $543.5M to Shore up Naira

6 months ago bitnews

The Central Bank of Nigeria (CBN) injected $543.5 million into the Nigerian foreign exchange market between September 6th and 30th...

1 min read

Nigeria Central Bank Governor Defends Naira Float Decision

6 months ago bitnews

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the...

1 min read

Nigeria Introduces System to Boost Forex Market Transparency

6 months ago bitnews

The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange...

1 min read

Nigerian Currency Plunges After Central Bank Rate Hike

7 months ago bitnews

The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest...

1 min read

Nigeria Acts to Stabilize Currency with Forex Auction

9 months ago bitnews

The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure...

1 min read

Nigerian central bank alleges unauthorized transactions by Binance

9 months ago bitnews

In a Nigerian court on Friday, July 5, Binance's illegal operations were highlighted, with Central Bank official testifying on lack...

1 min read

Designating Crypto as the Bogeyman Will Not Halt the Nigerian Currency’s Depreciation

10 months ago bitnews

Labeling cryptocurrency a scapegoat, similar to blaming parallel market traders for the Nigerian currency’s woes, will not solve the underlying...