Tag: Forex crisis

Nigeria’s ongoing foreign exchange (forex) crisis is posing a significant threat to the country’s fast-growing data centre industry, with operators ...

Nigeria's foreign trade payments via Letters of Credit (LCs) saw a significant decline in the first seven months of 2024, ...

In a bid to alleviate financial strain exacerbated by severe foreign exchange volatility, the state governments of Ekiti, Cross River, ...

In response to the ongoing foreign exchange crisis in Nigeria, the Economic and Financial Crimes Commission (EFCC) has taken decisive ...

The Federal Government of Nigeria has imposed a staggering fine of $10 billion on Binance, a prominent cryptocurrency trading platform, ...

The Nigerian Electricity Regulatory Commission (NERC) is mulling over the possibility of another price increase for prepaid meters, responding to ...

The Nigerian motor vehicle import sector experienced a substantial 32% decline in 2023, reflecting the ongoing challenges of a Forex ...

In a race against time to ease the stranglehold of a forex crisis, Nigeria's Central Bank has reportedly paid nearly ...

Nigeria's government is taking decisive action to combat the foreign exchange crisis that has been adversely impacting the nation's economy. ...

In the wake of unprecedented foreign exchange challenges, several banks in Nigeria have ceased providing forex services to their customers, ...