Nigeria targets cryptocurrency in bid to end naira freefall Lagos, Nigeria
The decision came after authorities in Africa’s biggest economy imposed restrictions on cryptocurrency exchanges as part of attempts to halt the sliding value of the local currency.
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A seller is seen at Wuse Bazaar in Abuja, Nigeria on February 18, 2024. Nigeria's inflation rate accelerated further in January and reached almost 30% in annual terms, driven by soaring food costs and the fall of the country's naira currency to lows.
By NewVision Reporter
Journalists @NewVision
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Lagos, Nigeria | AFP
The world’s biggest cryptocurrency exchange Binance is halting operations in Nigeria's naira currency as the government puts cryptobusinesses under increasing scrutiny.
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