News from Nigeria’s capital, currency, commodities, cryptocurrencies and money markets.
SWIFT to test Central Bank Digital Currencies for international transfers
Pressure for Nigeria’s CBN as South Africa’s Reserve Bank hikes interest rates
Tether loses nearly $10 billion in market capitalization in May
Exchange rate depreciates to N604/$ at parallel market
Pantera Capital cashed out 80% of investment in Terra Labs before LUNA and UST crash
A16z launches $600 million fund dedicated to gaming and Web3
Bored Ape Yacht Club’s floor price drops by 55% in May
Naira depreciates at I&E window despite significant improvement in FX supply
International Breweries share price appreciates pushing market cap to N218.93 billion
Profit-taking continues on the local bourse as market cap dips by N19 billion
Crypto focus: MKR, the only token to post over 27% gain last week