Bloomberg Nigeria’s central bank selected Bitt Inc. as a technical partner to help create its digital currency by the end of the year. The Barbados-registered financial technology company will help the regulator to launch the new currency, named eNaira, Central Bank Governor Godwin Emefiele said in an emailed statement. The company was picked for its “technological competence, efficiency, platform security, ...

Bloomberg The Indian rupee’s outsized gains over the last three sessions is spurring talk that the Reserve Bank of India (RBI) may have loosened its grip over the currency. The rupee has rallied 1.6% in the previous three sessions to post its biggest gain for the period since March 2 The exchange rate had been moving within a range of ...

Bloomberg Italian public financial institutions may end up purchasing some assets of Banca Monte dei Paschi di Siena SpA that UniCredit SpA doesn’t want in a takeover of the bankrupt lender. State lender Mediocredito Centrale SpA and state-owned asset manager AMCO SpA were given to access to Monte Paschi’s data room, according to a statement. The Italian Treasury may be ...