The rise in popularity of digital tokens threatens the role of the central bank in Nigeria, with many young people exploring the advantages of dollar-backed options.
In Nigeria, the use of stablecoins – cryptocurrency pegged to fiat currency – is creating a split between those who trust centralised, traditional banking methods and the tech-savvy, drawn in by the decentralised ledger technology .Zimbabwe: Ariana plans stock market fund raise for Dokwe gold projectToday was the final deadline for banks to submit their recapitalisation plans to Nigeria’s Central Bank. Will Nigeria see a repeat of the ‘big bang’ o...
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Nigeria: Fuel Queues Will Be Cleared By Wednesday Across Nigeria'Unfortunately, we experienced a three-day disruption in distribution due to logistical issues, which has since been resolved.'
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Nigeria: Tinubu At WEF, Says Subsidy Removal, Forex Reform Saved Nigeria From BankruptcyPresident Bola Tinubu, yesterday, said last year's removal of fuel subsidy and current efforts by his administration to manage Nigeria's foreign exchange market were necessary steps that prevented the country from going into bankruptcy.
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Nigeria: Fuel Subsidy Removal Necessary for Nigeria's EconomyPresident Bola Ahmed Tinubu has again defended his administration's decision to remove fuel subsidy in Nigeria, describing it as a necessary action to prevent the country from going bankrupt and to reset the economy on the path to growth.
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