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Nigerian Currency Plunges to New All Time Low — Central Bank Blames Speculators

Bitcoin.com
Nigerian Currency Plunges to New All Time Low — Central Bank Blames Speculators
bitcoin.com
Nigerian Currency Plunges to New All Time Low — Central Bank Blames SpeculatorsThe Nigerian central bank has accused currency speculators of being behind the local currency’s recent plunge to a new all-time low of N710 against the greenback. The leader of a Nigerian association of bureau de change operators insisted crypto trading may be to blame for the naira’s recent plunge in value. Nigerians Converting to USD […]
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House Democrats won’t be forced to vote against two pro-crypto bills

House Democrats won’t be forced to vote against two pro-crypto bills

Nigerian Lawmaker Proposes Closure of All Domiciliary Accounts in Order to Save Imperiled Naira

Bitcoin.com
Nigerian Lawmaker Proposes Closure of All Domiciliary Accounts in Order to Save Imperiled Naira
Abokifx
Nigerian Lawmaker Proposes Closure of All Domiciliary Accounts in Order to Save Imperiled NairaNigerian lawmaker Ibrahim Obanikoro has called on Nigerian authorities to “close all domiciliary accounts for the next 12 months.” Such a move, he argues, will help to ease pressure on the naira, which has depreciated by more than 10% in the past two months. The Naira’s Continuing Depreciation The call by Obanikoro comes nearly two […]
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House Democrats won’t be forced to vote against two pro-crypto bills

House Democrats won’t be forced to vote against two pro-crypto bills

Nigerian Foreign Exchange Crisis: Central Bank Issues Warning to Microfinance Banks

Bitcoin.com
Nigerian Foreign Exchange Crisis: Central Bank Issues Warning to Microfinance Banks
bitcoin.com
Nigerian Foreign Exchange Crisis: Central Bank Issues Warning to Microfinance BanksThe Central Bank of Nigeria (CBN) has threatened punitive sanctions against microfinance banks that violate the conditions of their operating license through the performance of foreign currency-related transactions. In its latest circular, the CBN claims that microfinance banks have a very low capitalization hence their handling of such transactions threatens the stability of the financial […]
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House Democrats won’t be forced to vote against two pro-crypto bills

House Democrats won’t be forced to vote against two pro-crypto bills

Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market

Bitcoin.com
Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market
bitcoin.com
Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black MarketThe Central Bank of Nigeria (CBN) recently announced the abrupt end to sales and outsourcing of foreign exchange to Bureau de Change (BDC) operators after accusing them of failing to stick to their core mandate. Instead of providing forex to retail users, BDCs are believed to be supplying the scarce resource to so-called “illegal” dealers. […]
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House Democrats won’t be forced to vote against two pro-crypto bills

House Democrats won’t be forced to vote against two pro-crypto bills

Nigeria Bureau De Change Association Boss Accuses Speculators of Destabilizing the Naira— Says Central Bank Funding Will End Currency Woes

Bitcoin.com
Nigeria Bureau De Change Association Boss Accuses Speculators of Destabilizing the Naira— Says Central Bank Funding Will End Currency Woes
Aminu Gwadabe
Nigeria Bureau De Change Association Boss Accuses Speculators of Destabilizing the Naira— Says Central Bank Funding Will End Currency WoesAccording to the head of the Nigerian group of bureau de change operators, the naira’s continued fall on the parallel market is down to the activities of speculators. However, Aminu Gwadabe, the president of the Association of Bureau de Change Operators of Nigeria (ABCON), suggests that only a “massive funding” of bureau de change (BDC) […]
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House Democrats won’t be forced to vote against two pro-crypto bills

House Democrats won’t be forced to vote against two pro-crypto bills

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