investor confidence
In a decisive move to enforce regulatory compliance, the Central Bank of Nigeria (CBN) has revoked the operating licenses of 4,173 Bureaux De Change (BDC) operators. This action is taken under the powers vested in the CBN by the Bank and Other Financial Institutions Act (BOFIA) 2020 and the Revised Operational Guidelines for Bureaux De […]
Nigeria’s Securities and Exchange Commission (SEC) is reportedly investigating Binance and other cryptocurrency firms over allegations of currency manipulation, potentially leading to significant fines running into billions of dollars. The probe comes amidst concerns that such activities have exacerbated the country’s foreign exchange liquidity crisis. Binance, one of the world’s largest exchanges, has faced similar […]
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