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Tag Archives: Business News

Nigeria Tops Global Cryptocurrency Adoption Despite CBN Ban

Nigeria Tops Global Cryptocurrency Adoption Despite CBN Ban

Binance, the biggest cryptocurrency alternate firm on the planet, says Nigeria has the very best adoption fee globally Regardless of the Central Financial institution of Nigeria ban on the usage of cryptocurrency for transactions inside the nation, the adoption fee hit 32%. Nigeria leads Vietnam, Philippines, Turkey and Peru in …

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Nigeria Records $85.21 Billion Net Foreign Liabilities – IMF  

Nigeria Records $85.21 Billion Net Foreign Liabilities - IMF  

Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of December 2020, the International Monetary Fund has said. From 2016, Nigeria’s foreign liabilities jumped by 42.41 per cent from $131.56bn, while foreign assets rose by 13.67 per cent from $89.87bn. Foreign assets are the …

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FDC Says Banks’ Documentation Process for Forex Cumbersome

FDC Says Banks’ Documentation Process for Forex Cumbersome

The Financial Derivatives Company Limited (FDC) Ji has described the documentation process required by banks for the sale of foreign exchange (forex) as cumbersome, saying this will pose a challenge to the public. The CBN Governor, Mr Godwin Emefiele, had last week, at the end of the Monetary Policy Committee meeting, …

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