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    • Nigerian Naira

    Business

    Nigeria to Ban Person-to-Person Cryptocurrency Trading in Naira

    Nigeria is set to ban person-to-person cryptocurrency trading in the naira to regulate the industry and protect its local currency. The SEC will introduce new regulations for crypto exchanges and digital asset custodians. This crackdown follows the recent ban on Binance Holdings Ltd. in Nigeria, with two executives arrested. Nigeria’s actions reflect a broader trend in Africa of using cryptocurrencies as a hedge against currency devaluation. The upcoming regulations aim to provide clarity and oversight in the rapidly evolving crypto sector.

    Posted on Jhon
    Business

    Nigeria’s Ban on Binance Naira Transactions Sparks Concerns

    Nigeria’s ban on end-to-end transactions with the naira on Binance has raised concerns about economic consequences, including increased youth unemployment and exacerbation of the country’s economic challenges. The ban came after accusations of exploitation, devaluation of the naira, and money laundering. Binance has denied any wrongdoing, and the ban has prompted fears of job losses and potential impact on the economy.

    Posted on Jhon
    Business

    Access Bank Dollar To Naira Exchange Rate Today – March 10, 2024

    Curious about the current exchange rate for Access Bank dollar transactions today? Get up-to-date information on Access Bank’s dollar exchange rates and make informed decisions regarding your currency transactions. As of today, March 10, 2024, Access Bank’s dollar exchange rates may vary based on several factors such as market fluctuations and bank policies. It’s essential to check directly with Access Bank or their official platforms for the most accurate and current rates. Stay informed with Okay.ng for timely updates on currency exchange rates and financial news.

    Posted on Jhon