Nigerians turn to crypto amid growing remittance fees, currency devaluation

  • March 26, 2021
Nigerians turn to crypto amid growing remittance fees, currency devaluation

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Nigerians turn to crypto amid growing remittance fees, currency devaluation
Cryptocurrencies


Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) recently admitted the value of the local currency had been adjusted to N410 due to scarcity in foreign exchange. Coming from Emefiele who has spent most of his tenure as Governor of the CBN defending the naira against the widely preferred free float, it must…

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