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The CBN's official reason for its recent cryptocurrency restriction is that cryptocurrencies are anonymous and used for money laundering, terrorism financing, and tax evasion. Let’s dig into what the facts
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This afternoon, a Central Bank of Nigeria (CBN) circular sent to commercial banks and other financial institutions surfaced online. Here is a thread explaining what the circular means and why
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is responsible for 67% of global yam production and produces six times more yams than Ghana. Yet, Ghana contributed 94% of the total yams exported from West Africa and 22%
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Time to dispel some myths about #DStv in .Myth 1: #Nigeria is Multichoice’s (owner of DSTV) biggest marketFalse. It’s second, only to South Africa.1/9 South-Africa represents a larger percentage of
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The @nigerianstat just released ’s unemployment figures for the second quarter of 2020. The last time we got unemployment data was for the third quarter of 2018. Unsurprisingly, unemployment is
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PART II: (a thread on interest rates)Yes, you are right! We mentioned earlier that increased demand would reduce interest rates. As more people are willing to lend the FG money,
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PART I:How did #Nigeria’s treasury bills drop from 18% to 3% in the last three years and why earnings on savings, investments and pensions are now peanuts. In today’s thread,
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Explained: @cenbank devalues the Naira (a thread)Last week, the Central Bank of Nigeria (CBN) devalued the naira for the second time this year. The official exchange rate is now ₦381/$1.
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