You Searched For "Central Bank of Nigeria" and got 19 results
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2 mins read
'Britcoin' moves closer to becoming reality after the Bank of England says it will launch a consultation on the digital pound in 2022
The UK central bank is asking for views on the merits of it issuing its own digital currency, which…
Camomile Shumba
2 mins read
Digital currencies could boost economic growth in developing countries where more than 50% of adults don't have a bank account, BofA says
"Digital currencies have the potential to address many practical constraints on financial services …
Emily Graffeo
2 mins read
Roughly half the world's central banks are 'at some stage' of exploring their own digital currencies, IMF says
Around half the world's central banks are at "some stage" of looking into creating their own digita…
Camomile Shumba
2 mins read
Central banks must 'roll up their sleeves' and urgently speed up their work on their own digital currencies before crypto upends the current financial system, the BIS says
The Bank for International Settlements is urging central banks to crank up their efforts in develop…
Camomile Shumba
1 min read
The Bank of England said 20% of commercial banking deposits could shift to 'Britcoin' - and dismissed stablecoins as an alternative
Governor Andrew Bailey said central bankers face a choice between regulating stablecoins and introd…
George Glover
4 mins read
Nigeria just put its banking sector on alert
The operating environment in Nigeria is difficult. In S&P's most recent review of the sector th…
2 mins read
Over 10 million children in Congo, Nigeria, Sudan and Yemen will suffer from acute malnutrition in 2021, UNICEF warns
More than 10 million children in the Democratic Republic of the Congo (DRC), northeast Nigeria, the…
2 mins read
Nigeria's inflation just surged to an 11-year high
Nigeria has been struggling to rein in inflation amid a shortage of dollars and lower oil prices. N…
Elena Holodny
2 mins read
Nigeria's unexpected U-turn might not be enough
"The Governor began his speech by reiterating his view that monetary policy must remain 'accommodat…
2 mins read
Nigeria Is Melting Down
Meanwhile, the FT's Javier Blas reports the country's fiscal stability is now threatened by a tripl…
Rob Wile
1 min read
Nigeria Brings On Capital Controls
To muddle the picture just a little more, Nigerian oil workers were on strike for four days this we…
Shane Ferro
3 mins read
Nigeria seems to be committed to policies that have 'strangled' its economy
Moreover, those who trade the naira at an exchange rate weaker than 400 per dollar potentially look…
Elena Holodny
3 mins read
Nigeria's currency isn't as 'free' as we thought it would be
Central Bank Governor Godwin Emefiele speaks during the monthly Monetary Policy Committee meeting i…
3 mins read
Nigeria just pulled an unexpected move to support its beleaguered currency
Meanwhile, Nigeria's been looking at some tough times on the economic front as well. In late May, t…
2 mins read
Nigeria is finally going to do the painful thing everyone said it has to do
The country continues to suffer from numerous headaches, including lower oil prices, the fuel-short…
3 mins read
Three reasons Nigeria's elections next week could turn violent
Boko Haram's initial strategy was to try to undermine and gain control of the Kanuri ethnic regions…
Shane Ferro
1 min read
REPORT: Nigeria Is Missing $50 Billion In Oil Money
The letter alleges that the Nigerian National Petroleum Corporation (NNPC) - the state oil company …
Steven Perlberg
2 mins read
Crypto adoption in Africa has surged 1,200% over the last year, as people in some of the fastest-growing crypto economies favor digital coins to avoid bank and exchange restrictions: Chainalysis
Africa's digital assets market has grown over 1,200% in value over the last year, making the region…
Camomile Shumba
2 mins read
Nigeria's leading cellphone provider is going to shut down if it doesn't get more fuel
"The whole scenario reeks of sabotage," spokesman Lai Mohammed said in a statement. "Never in the h…