Experts Appeal To FG, Says "Don’t Rush To Adopt ECOWAS Currency"   Some finance and economic experts have called on the Federal Government not to rush into joining the West Africa single currency arrangement that would make Nigeria to adopt the “Eco” as its official currency...

NDIC: Nigeria'll Monitor Digital Currency Risks   The Nigeria Deposit Insurance Corporation has said Nigeria is interested in developing a digital currency but will monitor the risks associated with it. The Deputy Director, Research Department, NDIC, Kabir Katata, stated this while speaking on the ‘evolution of virtual...

Currency In Circulation Drops By N75.84bn In A Month Currency in circulation in the country fell by N75.84bn from N1.9tn in June to N1.824tn in July 2018. According to statistics from the Central Bank of Nigeria on Wednesday, the figure rose from N1.93tn in February to...

Firm Launches New Digital Currency A Nigerian blockchain technology and digital currency firm, eWealthAtlantic, has introduced a new digital currency, called CoinForAll. The firm said in a statement that the currency was primarily designed for consumers of petroleum and natural gas products in Africa and developing...

Currency In Circulation Drops To N1.93 Trillion The currency in circulation fell for the third consecutive month in June, with economic experts describing it as a positive trend for the nation’s inflation. Data obtained from the Central Bank of Nigeria by our correspondent showed that the...

Nigeria-China Currency Swap: Any Fears? By Rahma Oladosu   Recently Nigeria and China signed a bilateral agreement to operate a three-year currency-swap deal. The development is aimed at facilitating enhanced trade between both countries, given the fact that China is Nigeria’s biggest trading partner. The event which...