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    Nigeria Central Bank Governor Defends Naira Float Decision

    Nigeria Central Bank Governor Defends Naira Float Decision

    The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the naira, despite public criticism of the move. He stated that the disparity between official and parallel exchange rates encouraged arbitrage and...
    Bitcoin’s Price Slides as China Pares Stimulus Plans

    Bitcoin’s Price Slides as China Pares Stimulus Plans

    Bitcoin’s September rally, where the crypto rose 21%, was driven largely by Chinese stimulus packages. Market players are underwhelmed as the Chinese government’s stimulus plans did not live up to their expectations. Bitcoin failed to stay above $64,000 as the market...
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