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Nigerian Central Bank Threats Force Parallel Exchange Rate Tracker to Suspend Service

Nigerian Central Bank Threats Force Parallel Exchange Rate Tracker to Suspend ServiceFollowing threats from the Central Bank of Nigeria (CBN), the management of Abokifx, a website that tracks the Nigerian currency’s black market exchange rates, has announced the suspension of their daily updates. This suspension will remain in effect until Abokifx gets “better clarity of the situation,” management said on September 17, 2021. Tracking of Parallel […]

Semler Scientific to raise $75M to fund Bitcoin buys as paper gains near $30M

New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food Prices

New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food PricesNigeria’s use of multiple exchange rates regimes may have contributed to a rise in the country’s inflation rate, the latest World Bank report has said. In addition, the report says ongoing restrictions on the use and movement of foreign exchange are “further pushing up prices of food and agricultural inputs like fertilizer.” Misaligned Exchange Rates […]

Semler Scientific to raise $75M to fund Bitcoin buys as paper gains near $30M