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“Nigeria’s digital currency will certainly come into operation by October” Emefiele says as he denies reports that some Nigerian banks are showing signs of distress (video)

Central Bank of Nigeria Governor, Mr. Godwin Emefiele has reacted to reports that some Nigerian banks are showing signs of distress while addressing the health of the...

CBN to launch digital currency on Independence Day

The Central Bank of Nigeria (CBN) has announced that it will be announcing its own digital currency on October 1, 2021.   Nairametrics reported that the CBN alongside...

Pastor, two others arrested for possession of N15.8m fake currency notes

Police operatives in Niger State have arrested a pastor and two others for conspiracy and possession of N15.8m counterfeit currency notes.    Spokesperson of the...

Three in EFCC custody over alleged currency counterfeiting

Three suspects have been arrested by the Economic and Financial Crimes Commission (EFCC) following an investigation into an alleged case of conspiracy and currency...

UK considers making new digital currency that could be known as “Britcoin”

  The UK government is exploring the possibility of creating a new digital currency that could be known as Britcoin”. The Bank of England and the Treasury said on...

Nigerian football coach, accomplice arrested in India for allegedly duping people through social media on pretext of sending expensive gifts, foreign currency

The Rachakonda Cybercrime Police in Hyderabad has arrested a Nigerian football coach and his Indian accomplice on charges of cheating people in the guise of sending...

OctaFX Introduces New Currency Pairs and a New Commodity: ZAR Pairs and XNGUSD

Starting 14 April, the South African rand (ZAR) and U.S. Natural Gas (XNG) join OctaFX’s asset pool—they come with four tradable currency pairs and one...

Cryptocurrency has made our currency almost useless and valueless”- Senator Sani Musa says (video)

Senator Sani Musa has said that the use of Cryptocurrency has made the Nigerian currency almost useless and valueless. Senator Sani said this on Thursday, February 11,...

Pregnant woman arrested with fake currency in Jigawa

A 40-year-old pregnant woman identified as Ruqayya Rabi’u has been arrested in Jigawa state after being nabbed with 100 pieces of fake N1,000 notes and 76 pieces of...