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Nigerian Currency ‘Most Competitive in 20 Years,’ Says World Bank

Nigerian Currency ‘Most Competitive in 20 Years,’ Says World BankNigeria’s currency reforms under Bola Tinubu’s government have made the naira one of the most competitive in 20 years, according to World Bank chief economist Indermit Gill. The decision to float the naira and remove fuel subsidies helped prevent fiscal collapse. While the naira’s devaluation has exacerbated poverty and raised concerns about civil unrest but […]

Roam Surpasses One Million WiFi Nodes and Unveils 2025 Roadmap

Venezuelans Crave USDT as Dollar Exchange Rate Explodes

Venezuelans Crave USDT as Dollar Exchange Rate ExplodesVenezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to contain the black market exchange rates by injecting dollars into the banking sector, it has enjoyed limited success, with Tether adoption ramping up as an […]

Roam Surpasses One Million WiFi Nodes and Unveils 2025 Roadmap

Nigeria Central Bank Governor Defends Naira Float Decision

Nigeria Central Bank Governor Defends Naira Float DecisionThe Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the naira, despite public criticism of the move. He stated that the disparity between official and parallel exchange rates encouraged arbitrage and speculation, eroding market trust. He highlighted the positive impact of the decision on reducing […]

Roam Surpasses One Million WiFi Nodes and Unveils 2025 Roadmap

Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil

Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in BrazilAnalysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $14.7 billion that flowed out of Brazil through August, hinting at the use of virtual assets as payment tools. Cryptocurrency Outflows Dangerous […]

Roam Surpasses One Million WiFi Nodes and Unveils 2025 Roadmap

Zimbabwe Injects $50 Million to Bolster Devalued Currency

Zimbabwe Injects  Million to Bolster Devalued CurrencyThe Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth operation of the market. They argue that the policy requiring companies to have no existing nostro balances before bidding for […]

Roam Surpasses One Million WiFi Nodes and Unveils 2025 Roadmap

Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points

Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis PointsThe Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor, Olayemi Cardoso, stated that the reforms implemented have restored the bank’s credibility and boosted […]

Roam Surpasses One Million WiFi Nodes and Unveils 2025 Roadmap

Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility

Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market VolatilityZimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged to maintain a tight monetary policy to ensure stable inflation and exchange rates. The zig, a gold-backed currency, has experienced a decline in value against […]

Roam Surpasses One Million WiFi Nodes and Unveils 2025 Roadmap

Binance to Convert Delisted Crypto to USDC — Advises Users to Withdraw Affected Tokens Before Deadline

Binance to Convert Delisted Crypto to USDC — Advises Users to Withdraw Affected Tokens Before DeadlineCrypto exchange Binance has announced the conversion of several delisted tokens into stablecoin USDC. Users are advised to withdraw affected crypto tokens by Sept. 1, as they will no longer be accessible afterward. After this date, withdrawals of the delisted tokens will no longer be supported, and users will not be able to transfer them […]

Roam Surpasses One Million WiFi Nodes and Unveils 2025 Roadmap

Tanzania Seeks to Shore up Local Currency With Directive Mandating Tourists to Use Shillings

Tanzania Seeks to Shore up Local Currency With Directive Mandating Tourists to Use ShillingsTanzania’s Ministry of Tourism and Natural Resources has mandated that all fees in the tourism sector must be paid in local currency, aligning with a government directive for local transactions to use the country’s shillings. This requirement applies to Tourism Business Licence fees, filming permits, and visiting fees. Previously dollar-denominated payments will now be converted […]

Roam Surpasses One Million WiFi Nodes and Unveils 2025 Roadmap