Tag: The RT200 FX Programme

Nigeria: Crypto adoption-value depreciation tug of war intensifies

The Nigerian central bank (NCB) has accused currency speculators in the country of being behind the local currency’s recent plunge to a new record of ₦710 against the dollar Despite the currency continuing depreciation on the parallel market, the Central Bank of Nigeria (CBN) insists the Naira’s official exchange rate against the dollar remains at approximately ₦424 for US$1 The leader of a Nigerian association of bureau de change operators has smeared mud on crypto trading for the Naira’s recent plunge