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Bitcoin can make a significant impact in Africa over the next few years, as it is the only global asset to provide financial inclusion for everyone in the world. Interestingly enough, there is only one bitcoin node being operated out of West Africa,...

CBN Building       The Central Bank of Nigeria (CBN) intervened Friday with about $350 million foreign exchange sale to dealers at its official exchange rate, halting the naira’s slide to a record low. The regulator sold foreign-exchange at a rate of...

Central Bank of Nigeria from OKORO CHINEDU in Lagos, Nigeria LAGOS, (CAJ News) – MARKET watchers are skeptical of recent moves by the Central Bank of Nigeria (CBN) to halt the currency weakening against the United States Dollar. The central bank has...

The Nigerian Central Bank has reportedly detained some Bureau De Change operators in what appears to be a desperate bid to halt the slide of the Naira. The Naira has lost value significantly this year on the back of several CBN trial and error policies...

The Central Bank of Nigeria (CBN) on Friday compelled banks to buy dollars at N160.5 per dollar, in a bid to halt the four day depreciation of the naira at the interbank foreign exchange market. The unusual intervention forced the interbank exchange...