The Central Bank of Nigeria (CBN) has authorised the sale of $20,000 to each Bureau De Change (BDC) operator at an exchange rate of N1,580 per dollar in an effort to increase forex liquidity and satisfy market demand. This was revealed in a statement signed by Dr. W.J. Kanya, Director of the Trade & Exchange … Read more
Good evening. Here is EKO HOT BLOG’s roundup of top stories in Nigeria today, Thursday, August 22, 2024. Rivers State High Court Issues Restraining Order Against APC Congresses A Rivers State High Court in Port Harcourt has granted an ex parte order restraining the national leadership of the All Progressives Congress (APC), led by Abdullahi … Read more
Eko Hot Blog reports that the Securities and Exchange Commission (SEC) has announced plans to delist naira from all peer-to-peer (P2P) platforms. This was disclosed by Emomotimi Agama, SEC director general (DG), during a virtual meeting with stakeholders in the blockchain industry on Monday. Details Later… Click To Watch Our Video Of The Week
Eko Hot Blog reports that Cryptocurrency giant, Binance Holdings Ltd, has announced that it will leave the Nigerian market and discontinue all its services for the naira. The cryptocurrency company made the announcement in a blog post on its website on Tuesday. Editor’s Picks “Binance Traders Traceable” – Crypto Expert Alerts CBN Over Illicit $26 … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, is currently appearing before the House of Representatives to speak on the state of the economy. As of the time of filing this report, Cardoso is appearing before the lawmakers during plenary in Abuja and he is briefing them on the … Read more