Category : Search result: foreign exchange violations


US Restricts Visas for Nigerians Over Religious Freedom

The United States announces new visa restrictions targeting Nigerians accused of undermining religious freedom. Secretary of State Marco Rubio made the announcement on December 3. Learn the full details and implications.

516 Rights Violations Recorded in Adamawa

The NHRC in Adamawa state documented 516 human rights complaints from January to November 2025. Over half involved family and child abandonment. Report violations for redress.

Christmas Cash Demand Hits New Highs in Nigeria

Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.

Naira Strengthens as Dollar Inflows Surge Over 64%

The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.

SEC Nigeria's Reforms Fuel Historic Market Growth

The Securities and Exchange Commission (SEC) Nigeria is transforming the capital market with new laws, investor protection, and tech. Market cap hit N91.3 trillion in November 2025. Discover the blueprint for economic prosperity.

Mother tricks daughter, swaps $20 gift for N460

A Nigerian mother's viral TikTok video shows her exchanging her daughter's $20 gift for just N460. The story sparks online debate about parenting and financial literacy. Read the full story and reactions.

Best Gift Card Rates in Nigeria 2026

Discover the 2026 gift card rates in Nigeria. Find out which cards like Razer Gold, Steam, and Apple iTunes pay the most and why platforms like GiftCardsToNaira are preferred for fast cash conversion.

CBN Consolidates Financial Market Reform Gains

CBN Governor Yemi Cardoso outlines progress in Nigeria's financial reforms as naira stabilizes, inflation drops to 16.05%, and reserves hit $46.7 billion. Learn how these gains impact Nigeria's economy.

CBN sells $36.60m to banks amid naira depreciation

Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.

Dangote Refinery Saves Nigeria N10bn Yearly

Dangote Refinery is saving Nigeria over N10 billion annually in foreign exchange by replacing fuel imports with locally refined products. Discover how this impacts Nigeria's economy.

16 Banks Meet CBN Recapitalisation Target

CBN reveals 16 banks have successfully met recapitalisation requirements as Governor Cardoso updates on monetary policy, forex gains, and economic progress.

IEI Appoints Dr Joyce Odiachi as Acting MD

International Energy Insurance Plc announces a major leadership transition. Dr Joyce Odiachi steps in as Acting MD following Olasupo Sogelola's resignation. Discover the company's next growth phase.

China-Nigeria Cultural Exchange Strengthens Ties

China and Nigeria enhance cultural cooperation through radio programs, educational exchanges, and creative industries. Discover how mutual learning builds stronger bilateral relations.

Abia seals Tinubu's campaign office over tax law

Abia State Government has sealed President Tinubu's Renewed Hope Partners campaign office in Umuahia for violating tax laws. Officials cited Sections 41 and 100 of State Tax Law No. 7 of 2020.

Two Ogun factories sealed for safety violations

Federal Government seals True Metals Nigeria Limited and Phoenix Steel Mills in Ogun State over severe occupational safety breaches. Minister warns employers endangering workers' lives.

CBN: Economy Improving But More Work Needed

CBN Deputy Governor Emem Usoro reports inflation at 16.05%, naira below ₦1500/$ but says Nigerians yet to feel relief. Calls for fiscal-monetary policy alignment.

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