Banking

How to Remove Your BVN From Credit Bureau Blacklist

Your 11 digit Bank Verification Number BVN is your key as you interact with Nigeria’s financial infrastructure. The number is connected to your biometric data – which means every Nigerian only has one and the number can be used to identify and secure every transaction performed in the country. As important as this number is, …

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dollar scarcity nigeria

Why Dollar Scarcity Persists in Nigeria

The black market dollar to naira exchange rate is approaching almost #620/1$ today. This is coming on the hills of the persistent dollar scarcity that has been plaguing Nigeria in recent times. To understand why dollar scarcity persists in Nigeria, it is important to understand the context, the forces of demand and supply, and why …

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africash UBA to receive money

UBA AfriCash 2022 Review: Receive money across 20 African Countries

Africash is a money transfer service from United Bank for Africa (UBA) that allows you to securely and conveniently transfer funds in the 20 African countries where the bank has operations. Imagine this, you live in Nigeria, and you will like to send money to a family member or friend living in Ghana. You can …

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o3 credit card

O3 Capital Cards Review: Credit Cards in Nigeria

O3 Capital is a credit card issuer in Nigeria, fully licensed by the Central Bank of Nigeria as a financial service fintech. Most Nigerians are more familiar with debit cards and loans, those are the more popular financial instruments in the country. Credit cards, on the other hand, are not as widely used. O3 Capital …

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dollar scarcity nigeria

Black Market Dollar to Naira Exchange Rates Today

The black market Dollar to Naira exchange rate today, Friday May 6 is ₦582/$1 buying rate and N585/$1 selling rate according to bureau de change operators in Lagos and Abuja. British Pounds to Naira is going for ₦742/£1 buying rate and ₦752/£1 selling rate. Euro to naira, on the other hand is going for ₦622/€1 …

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dollar scarcity nigeria

Dollar To Naira Black Market Exchange Rate Today May 5, 2022

The Naira to Dollar exchange rate at the black market today, Thursday May 5 is ₦580/$1 buying rate and N585/$1 selling rate according to bureau de change operators in Lagos and Abuja. These buying and selling rates are just a rough estimate that can vary depending on your bureau de change merchant and your negotiating …

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dollar scarcity nigeria

How To Buy PTA And BTA From Nigerian Banks; Requirements And Application Portal

Last year, the Central Bank of Nigeria CBN announced that it is stopping the sale of forex to Bureau De Change operators in the country in an attempt to save the country’s failing currency. This meant that access to forex become more difficult and Nigerians had to source for their own forex when ever they …

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dollar scarcity nigeria

How to buy dollar (USD) with Naira in Nigeria

Dollar is scarce in Nigeria due to the poor state of the country’s economy and the CBN is tightly control it’s exchange. The CBN set the official exchange rate of dollar to naira at around N415/$ – this is the rate at which the apex bank sells to commercial banks who in turn sell to …

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