Nigerian Currency Plunges to New Low, Central Bank Says the Naira Is Undervalued
The Nigerian forex continued its slide versus the buck when it fell to a brand new all-time low of NGN950 per greenback. Folashodun Shonubi, the...
Nigerian Central Bank Says Amended CBDC Model to Ensure Increased Volumes and Wallet Activity
The Nigerian central financial institution has stated it’s amending the mannequin of its central financial institution digital forex and is hopeful that such an train...
Nigeria’s CBDC ‘a Safer Option’ Than Privately Issued Cryptocurrencies: Central Bank Official
As part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has claimed that the country’s upcoming...