Новости о Naira Currency [ Фото новости ] [ Свежие новости ] | |
Nigeria Devalues Currency as Central Bank Moves to Unify Exchange Rates
In a possible policy shift, the Central Bank of Nigeria (CBN) recently allowed the local naira currency to briefly drop to a new low of USD$1 for 419. 75 nairas on May 14, 2021. However, by close of business the naira had recovered and was trading around 411. дальше »
2021-5-17 16:30 | |
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Nigerians Shun Local Currency— Seek to Protect Wealth From Inflation and Currency Depreciation with Foreign Currency
Nigerians are thought to be accumulating foreign currencies which they believe will protect their wealth from the naira’s volatility as well as the surging inflation. Further, as a research paper in a journal published by the Central Bank of Nigeria (CBN) found, Nigerians’ use of dollars exceeds IMF’s 30% threshold. Exchange Rate Volatility and Currency […] дальше »
2021-4-23 13:30 | |
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P2P Cryptocurrency Exchanges in Africa Pivot: Nigeria and Kenya the Target Markets
Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August, Kucoin crypto exchange announced the addition of Nigeria’s naira currency as a payment option on its peer-to-peer platform. дальше »
2020-8-26 15:03 | |
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Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US
Nigeria’s weakening naira currency, as well as the shortage of U. S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well as to order essential equipment from abroad. дальше »
2020-8-22 00:00 | |
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BTC Usage in Africa Intensifying, Nigeria’s Naira Posting Highest Volume After USD on P2P Exchanges
Bitcoin adoption in Africa continues to ramp up. On peer-to-peer bitcoin exchange platform, Paxful and LocalBitcoins, Nigeria's Naira accounted for $9 million of trading volume each week. This growing usage has Nigeria's Naira second most used currency after the US Dollar. дальше »
2020-5-22 21:23 | |
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Binance P2P Now Supports the Nigerian Naira, Its First African Fiat Currency
In an effort to expand its fiat-to-crypto services, Binance decided to add support on its peer-to-peer (P2P) platform for the Nigerian Naira (NGN). The integration allows Nigerian users to directly buy and sell cryptocurrencies like Bitcoin (BTC), Ether (ETH) and Tether (USDT) using the Binance P2P platform. дальше »
2020-3-5 00:04 | |
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Africa’s First Stablecoin is based on Nigerian Naira & Built on Binance Chain
The very first stablecoin of Africa is backed by Naira, the fiat currency of Nigeria and it will be built on Binance Chain, the blockchain software system developed by the leading cryptocurrency exchange Binance. дальше »
2019-12-14 18:08 | |
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Africa’s First Stablecoin is Built on Binance Chain
Africa’s first stablecoin, the Africa Stable-Coin(ABCD) is backed by Nigeria’s national currency, the Naira. Also, the fiat-backed crypto is built on Binance’s native blockchain, the Binance Chain. дальше »
2019-12-11 18:45 | |
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