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Nigeria Injects $543.5M to Shore up Naira


The Central Bank of Nigeria (CBN) injected $543.5 million into the Nigerian foreign exchange market between September 6th and 30th to address currency volatility. The bank attributed the volatility to high demand for imports and seasonal factors. Nigeria is facing foreign exchange shortages and...

Canary Capital Files SEC Registration for XRP ETF


Canary Capital Group LLC has officially submitted a registration with the U.S. Securities and Exchange Commission (SEC) for its proposed Canary XRP ETF, aimed at providing investors with exposure to XRP. The exchange-traded fund (ETF) is designed to give investors an option other than directly...

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 speculation, eroding market...

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