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eNaira: Nigeria, others, top global CBDC adoption as 44 countries …
Sep 17, 2024 · Nigeria has been listed as one of the top 3 countries in the world where Central Bank Digital Currency (CBDC) has gained momentum as 44 other countries are starting their pilot phase.
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Naira shows mixed performance; depreciates to N1730 in parallel …
Oct 26, 2024 · What to expect With the naira recently breaching the N1,700/$1 mark, there is potential for a short-term recovery. Global oil prices have now stabilized between $79 and $81 per barrel, and the Central Bank of Nigeria’s (CBN) consistent interventions may help ease some inflationary pressures, fostering a more positive outlook for the naira.
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Naira shows stability in official market, maintains N1,550/
Dec 18, 2024 · The Nigerian naira showed stability in the official market as demand for the greenback moderated during the second trading session of the week. CBN data highlighted that the local currency settled at N1,534 against the dollar on Tuesday, marginally less than the N1,533.56 quoted at the Electronic ...
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Strong US job report increases risk of naira depreciation in 2025
3 days ago · The United States economy delivered a stronger-than-expected jobs report in December, creating 256,000 jobs compared to economists’ expectations of 160,000. This signals a more resilient labor market and is already reshaping expectations around the Federal Reserve’s interest rate policy. For ...