Federal Capital Territory Minister, Ezenwo Nyesom Wike has named the 3.2 kilometre Arterial Road and Bridge at Shagari/Satellite Quarters, Kwali after late Nigeria’s famous potter, Ladi Kwali. Commissioning the road Tuesday in Kwali, Abuja, the minister described Ms Kwali as one who used her creativity to bring fame, not only…
Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira…
One culprit for his troubles stands out: The U.S. dollar’s strength against the Nigerian currency, the naira, has pushed the price of garments and other foreign goods beyond the reach of local consumers. The price these days is running around 350,000 naira, or $450. Across the developing world, many countries are fed up with America’s dominance of the global financial system — especially the power of the dollar.
The Central Bank of Nigeria’s (CBN) efforts to make citizens move away from cash and adopt the eNaira Central Bank Digital Currency (CBDC) have been unsuccessful, according to a report by the International Monetary Fund (IMF).
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