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Nigeria’s June P2P Bitcoin Trade Volumes Surged Again Despite Central Bank’s Crypto Restrictions

Bitcoin.com
Nigeria’s June P2P Bitcoin Trade Volumes Surged Again Despite Central Bank’s Crypto Restrictions
bitcoin traded volumes
Nigeria’s June P2P Bitcoin Trade Volumes Surged Again Despite Central Bank’s Crypto RestrictionsNigeria’s peer-to-peer bitcoin trade volumes went up to just under $38 million in June 2021, the latest data shows. This surge becomes only the second time Nigerian P2P traded volumes have breached the $35 million mark in 2021. March 2021 is the only other period when P2P bitcoin traded volumes nearly surpassed the $38 million […]
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Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Nigerian Central Bank Threatens Jail Time for Citizens Caught Defacing Naira Banknotes

Bitcoin.com
Nigerian Central Bank Threatens Jail Time for Citizens Caught Defacing Naira Banknotes
Aladeen Badajo
Nigerian Central Bank Threatens Jail Time for Citizens Caught Defacing Naira BanknotesFighting to stop the value of the naira from dropping further, the Central Bank of Nigeria (CBN) faces yet another problem: abuse of naira banknotes. According to the CBN’s Aladeen Badajo, the central bank is concerned with the rate at which Nigerians “mutilate, deface, squeeze and even spray and sell the naira notes.” He adds […]
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Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

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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Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged

Bitcoin.com
Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged
Abokifx
Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use SurgedAccording to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important source of foreign exchange for the oil-rich […]
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Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Central Bank of Nigeria Official Reiterates Nigerian Residents Free to Trade Cryptos: Directive Only Applies to Banking Sector

Bitcoin.com
Central Bank of Nigeria Official Reiterates Nigerian Residents Free to Trade Cryptos: Directive Only Applies to Banking Sector
bitcoin.com
Central Bank of Nigeria Official Reiterates Nigerian Residents Free to Trade Cryptos: Directive Only Applies to Banking SectorA senior executive with Nigeria’s central bank, Adamu Lamtek, has reportedly denied that his institution had placed restrictions on the use of cryptocurrencies. Instead, Lamtek, who is the deputy governor responsible for corporates services at the Central Bank of Nigeria (CBN), says his organisation’s directive only applies to the banking sector. Prohibition Only Applies to […]
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Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

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