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The value of Nigeria’s naira has again weakened further against the United States dollar at both the official and parallel foreign exchange markets. So, officers of the Economic Financial Crimes Commission (EFCC), on Tuesday, expanded its clampdown on Bureau De Change operators, arresting traders in Abuja, Lagos, Kano and Port Harcourt. Activities of currency speculators […]
Continue ReadingThere is heavy manipulation going on at the Binance P2P. And from my deductions, most of the big Binance P2P merchants are united in carrying out this manipulation. Some of them even have over $2 million worth of USDT in their wallet which begs the question of whether these people are truly Nigerians or probably […]
Continue ReadingNigeria’s currency, the naira slumped further to the dollar after closing at 770.38/$ at the end of trading on the Investor & Exporter (I&E) forex window on Monday. According to figures obtained from the Financial Markets Dealers Quotations (FMDQ) on Monday, the trading rates had closed at N686.96/$ on Friday. Trading opened at N703.50/$ and […]
Continue ReadingNigeria’s currency, the Naira has on Friday, June 16, closed at N663 to the United States dollar at the Investors and Exporters (I&E) window. This has been considered a big gain as the Naira closed at N702 to a dollar on Thursday, June 15. The CBN has already ditched its previous official rate of N463 […]
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