Central Bank of Nigeria to tackle inflation by mopping up excess liquidity in banking system
Cardoso said that the previous CBN administration deployed unorthodox policies, resulting in an uptick in inflation.
Nigeria
Latest stories and analysis of blockchain and digital assets developments in Nigeria.
Nigeria secures $1 billion concessionary loan from African Development Bank
The Federal Executive Council also approved a total limit of 2 trillion naira for the Ministry of Finance to reduce the country's debt servicing.
How crypto provides people with a way out during conflicts
During wars and protests, cryptocurrency offers people an escape route. It provides a means of financial freedom and independence from traditional financial systems.
Nigerian crypto scam entity Argo Coin has vanished with its customers’ funds
The crypto scam entity lured investors by falsely claiming to invest their money in Bitcoin mining equipment, promising exorbitant returns.
Vella Finance shuts down crypto operations to focus on SME banking
The fintech company decided to focus solely on banking services for small businesses, which constrains it from offering crypto services.
DLM Trust terminates escrow trustee agreement with Patricia, citing breach of terms
Patricia had announced that DLM Trust had entered a partnership with it, a claim the company has refuted.
Nigeria is expecting $10 billion forex liquidity ‘within weeks,’ finance minister says
The naira has been on a free fall due to foreign exchange shortfalls. The government is looking to fill the gap with the expected inflow.