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Officially Outdoing Loonie, Naira Actually Among Worst in World
Bloomberg via Yahoo News· 2 years ago(Bloomberg) -- Officially, Nigeria’s naira is doing pretty well this year, down just 4% against a...
Emerging economies are pushing to end the dollar's dominance. But what's the alternative?
AP Finance via Yahoo Finance· 9 months agoOne culprit for his troubles stands out: The U.S. dollar’s strength against the Nigerian currency,...
Digital Currency Usage Soars in Nigeria on Cash Shortages
Bloomberg via Yahoo News· 1 year ago(Bloomberg) -- Nigerians have increasingly turned to a once-spurned digital currency to transact,...
Crypto Gets Blamed for a Real-Life Currency Crisis
The Wall Street Journal· 2 months agoCRYPTO Tigran Gambaryan, Binance’s head of financial-crime compliance, flew to Nigeria’s capital to solve a problem: The government had blamed the...
Nigeria’s Currency Is Heading for Its Worst Losing Streak in Two Years
Bloomberg via Yahoo News· 1 year ago(Bloomberg) -- Nigeria’s currency is poised for its eighth straight day of losses and on track for...
Nigeria takes Binance execs hostage in bid to prop up its unpopular currency
Fortune via Yahoo Finance· 2 months agoWhen a country's currency is crashing, it usually means the market has concluded that the place is...
Investors Eye Nigeria Devaluation as Central Bank Chief Ejected
Bloomberg via Yahoo News· 11 months ago(Bloomberg) -- Emerging-market investors are looking at a devaluation of Nigeria’s naira after the...
China Shows the Power of the CBDC with a Shenzhen e-CNY Lottery
FX Empire via Yahoo Finance· 2 years agoKey Insights: Provinces in China are embracing the benefits of the e-CNY to reboot the Chinese...
Nigeria’s Economy, Once Africa’s Biggest, Slips to Fourth Place
Bloomberg via Yahoo News· 1 month ago(Bloomberg) -- Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth...
Africa's Biggest Economy Is Crumbling as Voters Pick New President
Bloomberg via Yahoo News· 1 year ago(Bloomberg) -- In Nigeria last year, 20 million children did not go to school, the currency hit an...