Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar #nft #crypto #bitcoin

A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One Nigerian currency dealer said he expects the naira to further depreciate to 750 per … Read moreForex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar #nft #crypto #bitcoin

Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low #nft #crypto #bitcoin

Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in inflation.” The rate increase came just … Read moreNigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low #nft #crypto #bitcoin

Nigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round #nft #crypto #bitcoin

After raising $1.65 million via a pre-seed extension, Bitmama, a Nigeria-based blockchain startup, has now closed its pre-seed funding round at $2 million, a report has said. Leading the funding round were two Africa-focused venture capital firms: Unicorn Growth Capital and Launch Africa. New Funding to Help Bitmama Scale Up Crypto Use Cases in Africa … Read moreNigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round #nft #crypto #bitcoin