Nigerian bureau de change union asks the government to ban Binance
ABCON believes the continued operation of Binance in the country threatens the naira’s stability.
State of fiat
Your fiat money is backed by the issuing government’s “full faith and credit.” What’s that worth these days?
State of fiat informs about the situation of your local currency.
World Bank suspends funding to Uganda over anti-LGBTQ law
The bank said the law was in opposition to its values and goals.
World Bank suspends disbursements to Niger amid sanctions
The Bank cited political unrest in the country as the cause of the suspension of funding.
Egypt launches new ‘high interest’ dollar savings certificate
These certificates are valid for three years and available to Egyptian nationals or foreigners with a minimum deposit of $1000.
Nigeria’s oil sector looking to attract billion-dollar FDI
Nigeria recorded $47.60 million in FDIs for the first quarter of 2023, signifying a 69.28 percent year-on-year decline.
Tanzania Secures $195 Million Budget Support from European Union
President Samia Suluhu said the grants would accelerate the implementation of development programs in the country.
Diaspora remittances can now be received in naira — CBN
The move is the latest in a series of policies implemented by Nigeria’s new administration.