More Nigerians are flocking to crypto assets to mitigate inflation and the naira depreciation.
Reports have shown that crypto adoption has continued to gain traction in Nigeria as Africa's most populous…
Historical data shows that current fuel prices do not match importation costs, which hints at another possible hike.
President Bola Ahmed Tinubu announced the fuel subsidy removal and naira devaluation on…
The naira has dropped by 11% in 2023 with half of this change from May 29.
The naira devaluation and the fuel subsidy removal have aggravated the situation for citizens.
There could…
The liquidity crunch recently worsened in Nigeria as banking services struggle to match the fast swell of users who rely on their platform, causing crypto merchants to suffer.
The Central Bank…
More Nigerian Bitcoin traders have resorted to channelling their transactions through cryptocurrencies amidst tight cash liquidity conditions in the country.
Bitcoin price has surged above the average market level by a…
The EFCC has become more intentional about spreading a positive narrative behind their activities as more Nigerian youths now rely on cryptocurrencies for their livelihood.
The Economic and Financial Crimes Commission…
A new study suggests that Nigerians have shown the most interest in Digital assets despite falling prices and inhospitable sentiment from its apex bank.
Nigeria has emerged as the country with…
With the US and other countries battling growing inflation, Nigeria, going by its textbook definition, seems to be experiencing stagflation instead.
The world continues to feel the effect of economic policies…
With the Naira on a free fall and the rising inflation figures, Nigerians are burning out on multiple ends, squeezing them into a corner with almost no way out.
With Nigerians…
Uganda's apex financial institution may soon join the growing list of African countries launching their digital currency.
The Bank of Uganda (BoU) delegated officials to learn how to establish its own…