Crypto Usage Grows Further In Nigeria As Country Grapples Weakening Currency, Soaring Inflation

LAGOS SEPTEMBER 20TH (NEWSRANGERS)-Cryptocurrency usage is growing in Nigeria as Africa’s largest economy grapples with a weakening currency and soaring inflation, New York-based blockchain research firm Chainalysis said in a report on Tuesday. Nigeria’s volume of crypto transactions grew 9% year-over-year to $56.7 billion between July 2022 and June 2023. In Uganda, crypto use is…

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Supreme Court Extends Usage Of Old Banknotes To Dec 31 Amid Cash Crunch

LAGOS MARCH 4TH (NEWSRANGERS)-Nigeria’s Supreme Court on Friday ordered the central bank to extend until Dec. 31 the use of old banknotes, whose withdrawal from circulation became an election issue after it caused cash shortages, widespread hardship and anger. The timing left many Nigerians fed up, hungry and exhausted right before a national election to…

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