Central Bank of Nigeria to tackle inflation by mopping up excess liquidity in banking system
Cardoso said that the previous CBN administration deployed unorthodox policies, resulting in an uptick in inflation.
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Nigeria secures $1 billion concessionary loan from African Development Bank
The Federal Executive Council also approved a total limit of 2 trillion naira for the Ministry of Finance to reduce the country's debt servicing.
Somalia joins the East African trade bloc
Although Somalia submitted its application in 2012, it took 11 years to grant its request due to lingering security concerns.
🟠 South Africa, the crypto torchbearer
Plus:
🇳🇬 Patricia hack saga continues
🇸🇨 Seychelles’ statement about unregistered virtual asset service providers.
Nigerian Police announces an arrest in connection to Patricia’s security breach
Bonse was alleged to have conspired to launder 50 million naira from funds stolen from Patricia.
Stitch introduces crypto payment option in South Africa
The novel feature is built on top of the crypto company’s VALR’s application programming interface (API).
How crypto provides people with a way out during conflicts
During wars and protests, cryptocurrency offers people an escape route. It provides a means of financial freedom and independence from traditional financial systems.