Parallel Market Rate Sits at N1165 per Dollar As of November 23, 2023, the black market exchange rate for the Dollar to Naira remains in focus, reflecting the dynamics of the parallel market. Here are the latest figures for the Dollar to Naira exchange rate in the parallel market: These rates imply that players in […]
Black Market Dollar To Naira Exchange Rate Today, November 23, 2023 Read More »
In 2022, seven states and the Federal Capital Territory (FCT) reported a failure to generate revenue from their Local Government Areas (LGAs), according to data released by the National Bureau of Statistics (NBS). Out of the 36 states, only 29 succeeded in generating revenue from their local governments. The states that failed to generate revenue
Full List Of States That Failed To Generate Revenue From Local Governments In 2022 Read More »
In a recent development, the Federal Government has filed a fresh application with the Supreme Court, requesting an extension of the validity of old naira notes beyond the current deadline of December 31, 2023. The government cites the ongoing economic crisis and the need for further consultation with critical stakeholders as grounds for the extension
OLD NAIRA NOTES DEADLINE: FG Files Fresh Application ( Details) Read More »
In the face of skyrocketing cooking gas prices, Nigerian consumers are turning to alternative energy sources, with dealers reporting a significant drop in demand for Liquified Petroleum Gas (LPG). Despite efforts by the Nigerian government and the Liquified Natural Gas Limited (NLNG) to stabilize the market, low income and poor purchasing power are driving consumers
Nigerians Disclose What They Use As Alternative To Cooking Gas As Prices Skyrockets Read More »
In a startling turn of events, the Nigerian naira experienced a significant plunge, reaching a record low of N1,105 at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the authorized official market by the Central Bank of Nigeria (CBN). This marked a staggering drop of over N200 from its opening rate of N830 within a matter
Again, Naira Hits Record Low In Official Market Read More »
Abuja – The Central Bank of Nigeria (CBN) has declared that its monetary policy reforms are yielding positive economic impacts, despite the recent uptick in inflation rates. Isa AbdulMumin, the Director of the Corporate Communications Department at CBN, made this assertion during a statement in Abuja on Wednesday in response to the latest inflation figures
CBN Affirms Success Of Monetary Policy Amidst Rising Inflation Read More »
Nigeria is a country with a thriving banking industry, and there are numerous financial institutions that provide a wide range of services to customers. Among these banks, there are nine that stand out as the leading players in the industry, with impressive total assets that reflect their dominance in the market. In this article, we
Top 9 Leading Banks In Nigeria By Total Assets Read More »
Losing your ATM card can be a stressful and frustrating experience, especially when you are in Nigeria. Not only do you have to worry about the inconvenience of not being able to access your funds, but you also have to take steps to prevent unauthorized access to your account. In this article, we will discuss
What To Do When You Lose Your ATM Card In Nigeria Read More »
Being blacklisted by a loan app can have serious consequences on your financial health. It can lead to difficulty in obtaining loans or financial services in the future, higher interest rates, and damage to your credit score. However, there are steps that you can take to clear your name and BVN after being blacklisted by
Steps To Clear Your Name And BVN After Being Blacklisted By A Loan App Read More »
The Bank Verification Number (BVN) is a unique identification number that every bank account holder in Nigeria is required to have. It is a crucial requirement for conducting financial transactions in the country. However, there are instances where an individual’s BVN may be blacklisted, which can have serious implications on their financial activities. In this
Is Your BVN in Trouble? Here’s How to Check If It’s Been Blacklisted in Nigeria Read More »
Bank Verification Number (BVN) is a unique identification number that is assigned to every bank customer in Nigeria. It is a biometric identification system that helps to reduce and eventually curb fraudulent and illegal banking transactions in Nigeria. Having a BVN is currently compulsory to own and operate a bank account in Nigeria, and your
How To Link And Check Your BVN On MTN, Glo, 9Mobile, And Airtel Read More »
The Bank Verification Number (BVN) is a unique identification number that has become a vital requirement for carrying out financial transactions in Nigeria. The BVN registration process was initially designed for Nigerian citizens and residents, but it has now been extended to foreigners, diaspora, and non-residents in Nigeria. If you fall into any of these
BVN Registration For Foreigners, Diaspora, And Non-Residents In Nigeria Read More »
The Bank Verification Number (BVN) is a unique identification number that is issued to every bank customer in Nigeria. The BVN is a biometric-based identification system that was introduced by the Central Bank of Nigeria (CBN) in 2014 to reduce fraud and enhance security in the banking system. Requirements For BVN Registration To register for
BVN: Here’s How To Register Online Without Leaving Your Home Read More »
The Bank Verification Number (BVN) is a unique identification number that is mandatory for all bank account holders in Nigeria. It was introduced by the Central Bank of Nigeria (CBN) in 2014 as a biometric-based identification system aimed at curbing fraudulent activities in the Nigerian banking system. The BVN serves as a means of identifying
BVN In Nigeria: Step-by-Step Guide To Registration Process Read More »
The Nigerian naira gained massively against the US dollar at the black market after hitting a record low of over N900/$1 in the previous week. Within five days, the naira gained over N200 to trade at an average of N680/$1 as of the close of trading activities on Friday, 11th November 2022. In a conversation
Why Naira Is Gaining At The Black Market Read More »
A dollar account, also called a domiciliary account, is a type of bank account (savings or current) that Mainly receive foreign currencies; this article is meant to teach and guide you how to open a dollar account in Nigeria. The Central Bank of Nigeria introduced some new rules involving receiving funds in dollars from outside
How to open a dollar account in Nigeria Banks Read More »