Month: October 2021

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Nigeria launches eNaira, Africa’s first central bank digital currencyXinhuaon 26 October 2021 at 16:48 on 26 October 2021 at 16:48 on 26 October 2021 at 16:48 AFRICAN MARKETS: Business News

Nigerian President Muhammadu Buhari on Monday launched the eNaira, the country’s central bank digital currency (CBDC), becoming the first African nation to introduce an official digital currency. Nigerian President Muhammadu Buhari on Monday launched the eNaira, the country’s central bank digital currency (CBDC), becoming the first African nation to introduce an official digital currency.Read More ….  Read More

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Nigeria: eNaira website goes live days ahead of October 1 launchUbah Jeremiah Ifeanyi | Nairametricson 28 September 2021 at 14:30 on 28 September 2021 at 14:30 on 28 September 2021 at 14:30 AFRICAN MARKETS: Business News

The website of the much-anticipated digital currency of the Central Bank of Nigeria, eNaira, has come up live on the internet. The website of the much-anticipated digital currency of the Central Bank of Nigeria, eNaira, has come up live on the internet.Read More 0 Shares

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Moody’s downgrades Ethiopia’s rating to Caa2; outlook negativeMoody’son 20 October 2021 at 17:39 on 20 October 2021 at 17:39 on 20 October 2021 at 17:39 AFRICAN MARKETS: Business News

Moody’s Investors Service (“Moody’s”) has today downgraded the long-term issuer and senior unsecured ratings of the Government of Ethiopia to Caa2 from Caa1 under review for downgrade. The outlook is negative. This concludes the review for downgrade initiated on 17 May 2021. Moody’s Investors Service (“Moody’s”) has today downgraded the long-term issuer and senior unsecured ….  Read More