2024-5-11 16:17 |
The IMF recommendation sets out to remedy the macroeconomic challenges Nigeria faces while attracting global investment.
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The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria.
2024-5-11 01:45 | |
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Nigeria’s central bank digital currency project, eNaira, is drawing attention and interest of leading financial institutions and it also gaining traction amongst other country’s central banks looking to initiate a similar project according to a report released by the International Monetary Fund (IMF) eNaira to boost remittance The report, authored by economist Jack Ree, explained […] The post Nigeria’s eNaira stablecoin becomes focus of new IMF report appeared first on CryptoSlate.
2021-11-22 11:00 | |
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Less than a month after the eNaira's launch on 25 October, the stats have impressed experts worldwide. According to a Central Bank of Nigeria official who spoke to Bloomberg, there were over 488,000 dThe post IMF release reveals its role in Nigeria's eNaira project launch appeared first on AMBCrypto.
2021-11-18 03:30 | |
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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 […]
2021-4-23 13:30 | |
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The International Monetary Fund (IMF) resident representative for Nigeria, Ari Aisen recently discussed the Central Bank of Nigeria (CBN) directive that targets crypto entities. In remarks made during a special virtual press briefing, Aisen repeats some of the CBN’s claims that cryptocurrencies were being used “for illegal transactions such as money laundering and drug trafficking.” […]
2021-2-20 03:00 | |
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Thanks to the exponential growth recorded by the cryptocurrency market lately, regulators around the world are realizing that they may have to fast-track the process of issuing guidelines with respectThe post Nigeria: IMF voices support for central bank's decision on cryptos appeared first on AMBCrypto.
2021-2-18 15:33 | |
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