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Nigeria will on Monday launch a digital currency, the eNaira, the central bank said, months after it barred banks and financial institutions from dealing in or facilitating transactions in ...

The Nigerian naira is undervalued and expected to rally this year amid improvements in fiscal and monetary conditions, ...

Nigeria’s new BRICS partnership and geopolitical alignment with the US puts the nation in a challenging position. The first warning sign is the conflicting views of both alliances on crypto ...

In October 2021, Nigeria became the first African country—and the world’s second—to launch a central bank digital currency (CBDC). ENaira came just as crypto boomed in the country, with 47% ...

Binance executive denied bail in Nigeria money laundering case. By Camillus Eboh. October 12, 2024 9:52 AM UTC Updated October 12, 2024 ... Sign up here. Tigran Gambaryan, ...

Daily eBlast Sign up for coverage on Black communities from the media company who has been doing it right for over 130 years; ... Nigeria’s currency has fallen to a record low as inflation surges.

In Nigeria, a project is underway to bring forth the first digital currency for the African country. The central bank digital currency (CBDC) features a centralized distributed ledger technology ...

The currency fell by about 30% down to 280 naira per dollar that day, compared to the pegged rate of 197-198 per dollar. However, one month later, it looks like Nigeria's currency isn't actually ...

Nigeria’s central bank will replace high-value currency notes starting Dec. 15 in a bid to mop up excess cash, rein in inflation and target rising insecurity in Africa’s largest economy.