Category : Search result: counterfeit currency Nigeria


Nigeria's Forex Market Expands with Better Access & Liquidity

Nigeria's forex market is rapidly evolving with deeper liquidity, smoother mobile access, and easier funding. Learn what this means for traders in Lagos, Abuja, and Port Harcourt and how to navigate the new conditions for success.

Trump Orders US Strikes on ISIS in Nigeria

US President Donald Trump announced deadly military strikes against ISIS terrorists in Northwest Nigeria on Christmas, citing attacks on Christians. Read the full details.

Naira Gains Against Dollar, Experts Predict 2026 Rate

The Naira extended its gains against the US dollar, reaching N1,449.99/$1 in the official market. Analysts from SBM Intelligence and Citibank provide contrasting forecasts for the currency's exchange rate in 2026.

EFCC Arrests Herbalists with Counterfeit Millions

EFCC operatives arrest five herbalists in Osun and Lagos with counterfeit $3.4m and €280k. The syndicate defrauded victims of millions under pretence of spiritual cleansing. Read the full details.

AfDB approves $500m loan for Nigeria's budget

African Development Bank approves $500 million budget support for Nigeria to boost non-oil revenues and energy sector reforms. Learn how this impacts Nigeria's economic growth.

Japan PM Takaichi defends $135bn stimulus package

Japanese Prime Minister Sanae Takaichi insists the $135 billion stimulus is fiscally responsible despite market concerns. Includes energy subsidies and tax cuts to combat inflation.

Nigeria to Tax Cryptocurrency Under New Law

Nigeria's new tax reform mandates taxation on virtual currencies while exempting capital market gains. Chairman Taiwo Oyedele urges young investors to consider regulated markets.

Experts Warn of Fake Wine Flood in Nigeria

Industry experts raise alarm over influx of counterfeit wines in Nigeria, posing serious health risks and revenue loss. Learn how to identify genuine products.

CBN: Abuse of Naira is a Punishable Offence

The Central Bank of Nigeria has warned citizens against the abuse of the Naira, stating that spraying, hawking, or mutilating the currency is a punishable offence. Respect our national symbol.

Bitcoin Drops Below $90K: Market Analysis

Bitcoin value plunges 25% from October peak, falling below $90,000. Discover why investors are fleeing crypto amid trade war fears and Fed uncertainty. Stay informed!

Woman finds Korean currency in Lagos thrift market

A Nigerian thrift vendor discovered 6,000 Korean won while unpacking bags at Katangua market in Lagos. The viral TikTok video sparked online buzz as people calculated the actual value in Naira.

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