Why CBN Set N100,000 Daily Withdrawal Limit On Pos Terminals
Vanguard
The Central Bank of Nigeria, CBN, has explained the introduction of a N100,000 daily withdrawal limit on point-of-sales, PoS, terminals as part of efforts to promote a cashless… Read more »
Floating Exchange Rate Spurs Economic Progress
Ethiopian Herald
The Ministry of Trade and Regional Integration (MoTRI) has revealed that the floating exchange rate reform is yielding significant outcomes, with improving the quality of export… Read more »
Djibouti President Inaugurates the National Commemoration of the 75th Anniversary of the Djibouti Franc
Radio Dalsan
On Monday , Djibouti President Ismail Omar Guelleh, presided over the ceremony dedicated to the national commemoration of the 75th anniversary of the Djibouti Franc. Read more »
EFCC's Largest Single Bust - 193 Foreigners, 599 Suspected Nigerian Crypto Fraudsters Arrested
Daily Trust
Weak systems responsible for fraudulent activities - Experts Read more »
Commodification of Naira Notes
Daily Trust
Like all other currencies worldwide, the naira is supposed to serve as a medium of exchange. It is designed to facilitate the sale and purchase of commodities and services.… Read more »
CBN Moves Against Hawking of Mint Notes to Curb Illicit Money Flow
Daily Trust
Against the backdrop of widespread reports on hawking of new naira notes, the Central Bank of Nigeria (CBN) as part of protecting the integrity of the currency and stopping illicit… Read more »
CBN to Penalise Banks Over Illicit Naira Distribution
Premium Times
The bank cited incidents of banks facilitating the illicit flow of mint Naira notes through direct actions or inactions. Read more »
CBG Resumes Foreign Exchange Transactions
Ghanaian Times
Consolidated Bank Ghana (CBG) has announced commencement of foreign exchange transactions at all branches. Read more »
The Bitcoin Revolution - Why Skepticism Fades As Global Leaders Embrace a New Reserve Asset
Daily Maverick
After much laughter and derision, followed by years of vicious state pushback, bitcoin seems to have won the day, if not the century (if not the future). It's no longer speculative… Read more »
Jabir Chairs Supreme Committee for Currency Replacement's Meeting
SNA
Member of the Transitional Sovereignty Council (TSC), Assistant Commander-in-Chief of the Armed Forces, Lt. Gen. Engineer Ibrahim Jabir chaired the meeting of the Supreme Committee… Read more »
CBN Confirms Validity of Old, New Naira Notes
Premium Times
It said the clarification follows widespread misinformation regarding the validity of the old notes. Read more »
Tanganda 'Reverses' Full-Scale VFEX Listing Decision
New Zimbabwe
LISTED horticulture concern, Tanganda Tea Company (TTC) has rescinded the decision to migrate its stocks to the Victoria Falls Exchange (VFEX), instead opting to pursue a special… Read more »
Govt to Prioritise Private Sector Concerns Amidst Forex Challenges
Daily Trust
The federal government says it will prioritise the concerns of the Organised Private Sector as part of efforts to boost production and boost the country's forex. Read more »
Nigeria, South Africa Rank High On Crypto Ownership
The Herald
A new report by Consensys, the annual Global Survey on Crypto and Web3, highlights growing global awareness of cryptocurrency, with notable progress in African nations. Read more »
Nigerian Man Jailed for Defrauding American of $115,000 in Bitcoin Scam
Vanguard
The Federal Capital Territory (FCT) High Court in Jabi, Abuja, has convicted and sentenced Praise Humphrey Igbo, also known as Jessica Allen, to one year in prison for internet… Read more »
