The World Bank reports that Nigeria lost over $8 billion due to the Central Bank of Nigeria’s (CBN) refusal to float the naira between 2021 and 2023. This foreign exchange subsidy, along with the fuel subsidy, deprived the government of revenue. The World Bank acknowledges the suffering caused by the government’s policies but insists they […]
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Low trading volume reflects a reluctance among market participants to make aggressive bets in either direction right now. New data from on-chain analytics firm Santiment shows that...
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