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Category Folashodun Shonubi

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Nigerian Currency Plunges to New Low, Central Bank Says the Naira Is Undervalued

Nigerian Currency Plunges to New Low, Central Bank Says the Naira Is Undervalued

The Nigerian currency continued its slide versus the greenback when it fell to a new all-time low of NGN950 per dollar. Folashodun Shonubi, the act...
Aug, 11, 2023
2 min read
by Bitcoin News
Nigerian Central Bank Says Amended CBDC Model to Ensure Increased Volumes and Wallet Activity

Nigerian Central Bank Says Amended CBDC Model to Ensure Increased Volumes and Wallet Activity

The Nigerian central bank has said it is amending the model of its central bank digital currency and is hopeful that such an exercise will result i...
Jul, 27, 2023
2 min read
by Bitcoin News
Nigeria’s central bank adjusts eNaira model and hikes interest rate amid economic challenges

Nigeria’s central bank adjusts eNaira model and hikes interest rate amid economic challenges

The Central Bank of Nigeria (CBN) is altering the model of its central bank digital currency (CBDC), the eNaira, to encourage more usage. Despite t...
Jul, 26, 2023
2 min read
by CryptoPolitan