AbokiFX is a platform known for publishing the exchange rate of Naira against other currencies. It began operations in 2015.
The Nigerian Senate has ordered the Central Bank of Nigeria to provide evidence that it remitted its surpluses to the federal government.
The experts asked the apex bank to ensure that foreign exchange was always available for domestic producers.
President Muhammadu Buhari says CBN governor Godwin Emefiele is serving in his regime at “a most challenging” period.
In compliance with the new forex regulation by the Central Bank of Nigeria (CBN), banks in Abuja have set up teller points for foreign exchange transactions.
Speculators say the current rates would continue to change over the course of the week.
The Central Bank of Nigeria (CBN) says it has released N756.51 billion to 3,734,938 smallholder farmers cultivating 4.6 million hectares of land.
The announcement comes as the bank intensifies efforts to mitigate further decline of the country’s economy and the national currency.
The developer of the First Bitcoin Automated Teller Machine (ATM) in Nigeria, Adekunle Daniel, says the CBN’s digital currency will benefit Nigeria.
Godwin Emefiele says Nigeria imports over $580 million cassava by-products annually.
