Fighting to stop the value of the naira from dropping further, the Central Bank of Nigeria (CBN) faces yet another problem: abuse of naira banknotes.
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After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’
Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime
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The CBN Says Nigeria Will Have a Digital Currency Before End of Year
Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of
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Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications
Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously
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African Fintech Start-up Chipper Cash Raises $100 Million — CEO Says No Crypto Services for Nigeria
Chipper Cash, an African fintech firm that specializes in facilitating cross-border payments, recently closed a $100 million Series C funding round. Taking the lead in
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Central Bank of Nigeria Governor Says “Digital Currency Will Come to Life” but Attacks Volatile Cryptocurrencies
Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says digital currency “will come to life even in Nigeria” just a few months after the central
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