In a significant turn of events, Nigeria has made headlines in 2024 with its newly progressive stance on cryptocurrency regulation. As one of Africa’s largest economies and a key player in the continent’s digital revolution, Nigeria’s regulatory shifts are poised to influence the broader African crypto market. The Lifting of the Ban In a […]
An Eye on Regulation: Nigeria’s Crypto Landscape in 2024 Read More »
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The Central Bank of Nigeria (CBN) plans to remove accounts not linked to the Bank Verification System (BVN) from the financial system. The objective is to clean up the sector and reduce the growing incidence of fraud. Blaise Ijebor, director Risk Management Department and Chief Risk Officer, CBN said this at the Prembly Compliance Breakfast
Central Bank of Nigeria To Clean Up Tier-1 Accounts Not Linked To BVN Read More »
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Original Article By: https://businessday.ng/news/article/cbn-to-clean-up-tier-1-accounts-not-linked-to-bvn/
Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider has collaborated with ScholarX (LearnAM), a social impact startup that helps young Africans access quality skills training, to drive blockchain adoption across rural markets in Nigeria with the use of localized languages namely Yoruba, Igbo, Hause, and Pidgin English. With an aim to increase crypto
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Original Article By: https://guardian.ng/slide/binance-takes-blockchain-awareness-to-popular-nigerian-markets-in-collaboration-with-scholarx/
Airtel Africa has revealed that it acquired fourth-generation (4G) and fifth-generation (5G) spectrums from the Nigerian Communications Commission (NCC) at a cost of US$316.7 million as part of its strategic mission to bolster connectivity in Nigeria. The telecom giant was the sole bidder in the auction that saw them acquire 100MHz in the 3,500MHz band and
Airtel Africa: Driving Change with 4G & 5G Investment in Nigeria Read More »
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On Monday, 25 October 2021, Nigeria launched Africa’s first central bank digital currency (CBDC) eNaira, with the theme “Same Naira, More Possibilities”. The eNaira, which was activated the same day by President Muhammad Buhari, promises to increase remittances, foster cross-border trade, improve financial inclusion and enable the government to make welfare payments more easily,
One Year After “eNaira” Was Launched, Nigerians Still Struggle With The Digital Currency Read More »
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Original Article By: https://www.withinnigeria.com/2023/01/16/one-year-after-enaira-was-launched-nigerians-still-struggle-with-the-digital-currency/
The central bank of Nigeria has released a report to examine the development of a regulatory framework for the potential use of stablecoins. The report also focuses on the national CBDC, eNaira, and Initial Coin Offerings (ICOs). The Central Bank of Nigeria (CBN) has released the “Nigeria Payments System Vision 2025” report, which examined
Nigeria Latest Country to Create Regulatory Framework for Stablecoins Read More »
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Original Article By: https://ambcrypto.com/nigeria-latest-country-to-create-regulatory-framework-for-stablecoins-details-inside/
Nigeria seeks to advance digital asset trading in the country, but like some countries in Asia, it is drawing a distinction between digital assets — which can be broadly defined and may include central bank digital currencies (CBDCs), non-fungible tokens (NFTs) and privately issued stablecoins — and cryptocurrencies, according to a Bloomberg report. Lamido Yuguda, Director-General
Nigeria Seeks Distinction Between Digital Assets and Crypto Read More »
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Original Article By: https://forkast.news/headlines/nigerian-sec-digital-assets-crypto/
Fear of a dollar shortage has driven manufacturers to front-load their inventory requirements, creating the illusion of economic growth in Nigeria. This was disclosed in the Financial Derivatives recently released Economics Bulletin for Q2 2022. The Nigerian economy has been expanding for seven straight quarters since the third quarter of 2022, when the covid-19-induced
Dollar scarcity: Manufacturer’s panic buying creates illusion of economic growth Read More »
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Original Article By: https://nairametrics.com/2022/08/29/dollar-scarcity-manufacturers-panic-buying-creates-illusion-of-economic-growth/
Nigeria’s inflation rate in the month of July 2022 rose to a 17-year high of 19.64%. This compares to 18.6% recorded in the previous month of June 2022. The latest inflation data is according to the recently released Consumer Price Index (CPI) report for the month of July 2022, by the National Bureau
Nigeria’s Inflation Rate Surges to a 17-Year High of 19.64% in July 2022 Read More »
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Original Article By: https://nairametrics.com/2022/08/15/breaking-nigerias-inflation-rate-surges-to-a-17-year-high-of-19-64-in-july-2022/
Nigeria is, according to a new research study, head-and-shoulders the most cryptocurrency curious country in the world. The West African state is even out-shadowing current crypto hotspot United Arab Emirates as the place where its population is the most hungry for information about digital assets. The research, carried out by crypto price tracker CoinGecko, examined
Researchers Label Nigeria As The World’s Most ‘Crypto Obsessed’ Nation. Read More »
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Original Article By: https://www.cityam.com/researchers-label-nigeria-as-the-worlds-most-crypto-obsessed-nation/
