My Finance NG

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Dollar

EFCC to Enforce Laws Against Dollarization of the Economy, Naira Mutilation

EFCC Initiates Measures to Combat Currency Mutilation and Dollarization, Protecting Economic Stability.   The Economic and Financial Crimes Commission (EFCC) has taken decisive action to clamp down on currency mutilation and the dollarization trend in Nigeria’s economy. Announced via the…

Benin Republic Achieves Milestone with $750 Million Dollar Bond Offering

Benin Republic raises $750 million in first-ever dollar bonds as demand hit $5 billion.   In a historic move, the Benin Republic has successfully raised $750 million through its inaugural dollar-denominated bond issuance, marking a significant achievement in the country’s…

Nigeria Interest in USDT Highest in Africa Amid High Demand for Dollar

Nigeria’s Growing Interest in USDT Reflects High Demand for Dollars.   Nigeria’s increasing fascination with cryptocurrency assets is strongly linked to its high demand for US dollars, a trend underscored by the surging interest in stablecoins, as indicated by Google…

Naira Face Fierce Dollar Amid Improved FX Liquidity

Naira’s Struggle Persists Despite Increased Liquidity: Market Insights.   The Nigerian naira is grappling with challenges as it hovers near its all-time low, despite a boost in liquidity from a $2.2 billion facility provided by the African Import Export Bank…

Forex Turnover Hits $242.60M as Naira Gains Marginally to N1,082.32/$1 in Official Market

The forex turnover witnessed an impressive surge of 148.95%, reaching $242.60 million, fueled by a marginal gain of the Naira against the dollar on January 10, 2024. The official market maintained its position above the N1,000/$ threshold, showcasing a 0.66%…

10 Best Virtual Dollar Cards In Nigeria To Make Online Payment (2024)

Simplifying Online Purchases in Nigeria: Top 10 Virtual Dollar Cards.    Making online purchases with Nigerian credit cards that get rejected can be frustrating. But fear not, there’s a solution—virtual dollar cards. Virtual dollar cards allow seamless transactions on overseas…