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Nigeria's central bank advocates e-Naira as a 'safer alternative' to Bitcoin
The Central Bank of Nigeria [CBN] is not a fan of Bitcoin. And, this isn't a fact it has tried to hide either. Although Nigeria is among the top African nations using Bitcoin to transact, the central The post Nigeria's central bank advocates e-Naira as a 'safer alternative' to Bitcoin appeared first on AMBCrypto. дальше »
2021-9-11 03:30 | |
Australia Crypto Adoption Rates Tops USA and UK, but Falls Behind Nigeria
According to a recent study published by independent research group Finder, one-in-six of all people in Australia claim ownership of cryptocurrency. The post Australia Crypto Adoption Rates Tops USA and UK, but Falls Behind Nigeria appeared first on BeInCrypto. дальше »
2021-9-4 17:35 | |
Nigeria's SEC forms Fintech unit to study crypto for future regulations
Regulatory crackdown on crypto has become quite prevalent in many parts of the world, including Nigeria. However, the country that homes one of the largest groups of crypto-traders in the world is nowThe post Nigeria's SEC forms Fintech unit to study crypto for future regulations appeared first on AMBCrypto. дальше »
2021-9-4 02:30 | |
Nigeria’s Securities Regulator Creates Fintech Division to Research Crypto Investments
The Nigeria securities regulator has created a dedicated fintech division to study cryptocurrencies. This comes after calls from the government to provide a concrete regulatory framework for crypto-assets. дальше »
2021-9-4 19:00 | |
Crypto-loving Nigeria begins eNaira CBDC project
Nigeria has upped the ante on its quest for a national digital currency as the Central bank of the African country has revealed that it will be partnering with Bitt Inc as a technical partner for the actualization of the “eNaira” project. дальше »
2021-9-2 07:00 | |
Central Bank of Nigeria partners with fintech firm to execute its CBDC rollout
Over 85 percent of Central Banks are now considering adopting digital currencies in their respective countries. The Central Bank of Nigeria (CBN), is one of them. Nigeria is emerging as one of the mThe post Central Bank of Nigeria partners with fintech firm to execute its CBDC rollout appeared first on AMBCrypto. дальше »
2021-9-1 00:00 | |
Bitcoiners Uneased As Nigeria’s CBN Rolls Out CBDC Guidelines
Recent reports indicate that Nigeria, the West African country, is heading towards launching its promised Central Bank Digital Currency (CBDC). The Central Bank of Nigeria (CBN), in a sensitization circular to commercial banks, revealed the features of the e-Naira – the planned CBDC. дальше »
2021-9-1 16:29 | |
Central Bank of Nigeria Informs Banks to Plan for e-Naira CBDC
The Central Bank of Nigeria has sent a detailed document regarding central bank digital currency (CBDC) guidance to financial institutions in the country. The document covers the testing and implementation of the e-Naira. дальше »
2021-8-31 13:01 | |
After Ghana, Nigeria is the next African nation to reveal CBDC plans, issues guidelines
Africa is witnessing a constantly increasing interest cryptocurrencies. Many regions such as Nigeria and Ghana saw major circulation numbers lately. Well, this marks a reducing dependence on inflationThe post After Ghana, Nigeria is the next African nation to reveal CBDC plans, issues guidelines appeared first on AMBCrypto. дальше »
2021-8-31 21:30 | |
Emerging markets like Nigeria, Kenya led 880% global crypto growth in 2021
In an effort to measure grassroots cryptocurrency adoption amid the massive growth seen in the crypto market over the year due to traction from industries, the just-published report of on-chain research firm Chainalysis has revealed a surge of over 880% in global adoption majorly driven by peer-to-peer platforms. дальше »
2021-8-20 13:00 | |
Nigerians Continue To Dominate Crypto Adoption In Africa, But There’s A Big Problem To Combat
Nigeria, the most populous black nation, has seen significant growth in Bitcoin adoption. The African country, despite the censorship of cryptocurrency trading by the government, has been one of the leaders in Bitcoin peer-to-peer trading globally. дальше »
2021-8-11 18:06 | |
Nigeria moved $40 million via peer-to-peer Bitcoin (BTC) trades last month
Data on Bitcoin peer-to-peer trading has shown that nearly $40 million worth of the leading digital asset was moved in the last 30 days by Nigerian Bitcoin users This figure is in line with those the African country had recorded since her government banned financial institutions from providing their services for crypto transactions. дальше »
2021-8-7 16:16 | |
Nigerians Move Almost $40 Million In P2P Bitcoin Trading In A Month
Bitcoin trading has always seen high adoption in countries with currencies that are depreciating fast. The West African country of Nigeria has always been at the forefront of BTC adoption in the region. дальше »
2021-8-7 20:00 | |
Nigeria's CBN missed this blind spot with its February crypto-directives
Governments around the world have been trying to distance themselves and their citizens from cryptocurrencies. However, history suggests that people always find a way. Nigeria is no exception. In FThe post Nigeria's CBN missed this blind spot with its February crypto-directives appeared first on AMBCrypto. дальше »
2021-8-2 03:30 | |
Report: Nigeria to Start Piloting Digital Currency in October
The Central Bank of Nigeria (CBN) has reportedly set October 1 as the commencement date for the trial phase of its digital currency project. Dubbed project Giant, this digital currency project, or the “e-naira,” is expected to use the Hyperledger Fabric blockchain. дальше »
2021-7-24 02:30 | |
Nigeria’s Central Bank Plans to Launch CBDC Pilot Scheme in October 2021
The Central Bank of Nigeria (CBN) is moving forward with its central bank digital currency project (CBDC) project, as the CBN will launch a digital naira pilot program later in October 2021. Nigeria Progresses With Digital Naira Initiative According to the Peoples Gazette, the CBN made the announcement while addressing stakeholders at a webinar onRead More дальше »
2021-7-24 23:00 | |
Forex Shortages Force Nigerian Corporates to Turn to Parallel Market
Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the parallel market, a former official with the Lagos Chamber of Commerce and Industry (LCCI) has said. дальше »
2021-7-13 15:30 | |
These numbers prove that 'there’s no stopping' Bitcoin here
After the Central Bank of Nigeria [CBN] directed the financial institutions from restricting services for businesses involved in cryptocurrencies, users turned to the peer-to-peer mode of transfers. дальше »
2021-7-13 11:00 | |
Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging
Despite the crypto ban in Nigeria, the country has recorded massive growth in its peer-to-peer bitcoin trade volumes in recent times. Available data has revealed that in the month of June, citizens of the country traded around $38 million worth of digital assets —the second time the country has recorded volume above $35 million. дальше »
2021-7-13 10:03 | |
Nigeria’s June P2P Bitcoin Trade Volumes Surged Again Despite Central Bank’s Crypto Restrictions
Nigeria’s peer-to-peer bitcoin trade volumes went up to just under $38 million in June 2021, the latest data shows. This surge becomes only the second time Nigerian P2P traded volumes have breached the $35 million mark in 2021. дальше »
2021-7-13 13:00 | |
Africa Fintech Start-up Growth: Nigeria Dominates in ‘Big Three’ Markets
According to the findings of the latest study by Disrupt Africa, the number of fintech start-ups based on the African continent grew to 576 in 2021. This figure represents a 17. 3% jump from the 491 start-ups that were operating on the continent in 2019. дальше »
2021-7-10 03:00 | |
Currency devaluation in Nigeria is driving a crypto boom in the country
Data from analytics firm Chainalysis shows that in May, Nigerians received a marked increase in crypto compared to last December. The post Currency devaluation in Nigeria is driving a crypto boom in the country appeared first on CryptoSlate. дальше »
2021-7-7 18:00 | |
Nigerian Twitter Suspension Has Unintended Effects on Country’s Crypto Community
On the surface, it looks like Nigeria’s suspension of Twitter operations on June 4 may have been triggered by the microblogging company’s decision to take down a controversial tweet — from President Mohammed Buhari. дальше »
2021-7-6 14:30 | |
T.E Markets Ltd Set To Launch Its Crypto Currency And Africa’s first Consolidated Exchange
T. E Markets Limited, has launched its own cryptocurrency; XTEMCoin with presale starting on Monday 28th, June on their website, www. tem-coin. com. T. E Markets Ltd is a Holding Company registered in Seychelles with running projects in South Africa, Zimbabwe, Zambia, Nigeria, Kenya, the Democratic Republic of Congo, United States of America and soon in Ghana. дальше »
2021-7-3 15:32 | |
Nigerian Currency Overvalued by 10% Says Central Bank Governor
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has reportedly told investors that the country’s currency is overvalued by 10%. The governor’s remarks, which have been confirmed by two unnamed sources, suggest that the central bank is planning to devalue the naira again. дальше »
2021-7-1 14:30 | |
Nigerian Learning Institution Says It Now Accepts Crypto as Payment for School Fees
A learning institution in Nigeria’s Kano state, the New Oxford Science Academy, recently announced it will be accepting cryptocurrency as payment for school fees. According to the school’s proprietor, Sabi’u Musa Haruna, the institution arrived at this decision after consulting parents and guardians of the students. дальше »
2021-6-29 14:00 | |
Nigerian High School Defies Regulatory Bodies By Accelerating Bitcoin Adoption
Countries like Nigeria, which are classified as emerging markets with weak economies, are seeing a huge surge in crypto activities. As with the case in Nigeria, these activities are usually related to crypto companies and exchanges opening operations in the country and recording significant growth in trading volume. This time though, the news is coming […] дальше »
2021-6-28 23:49 | |
Nigerian school now accepts crypto payments despite regulatory concerns
Oxford Science Academy, a private school in northern Nigeria city of Kano now accepts cryptocurrency as a payment method for school fees. But the school says payment using cryptocurrency is optional, and that the conventional payment methods are still available to parents. дальше »
2021-6-28 13:12 | |
After Bitcoin U-Turn, Nigeria Plans To Launch Central Bank Currency This Year
According to Reuters, the Central Bank of Nigeria (CBN) plans to launch a digital currency pilot as soon as the end of this year. Last month, the CBN Governor, Godwin Emefiele, made a U-turn on Bitcoin and other cryptocurrencies by saying he will “allow” them. дальше »
2021-6-22 03:00 | |
New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food Prices
Nigeria’s use of multiple exchange rates regimes may have contributed to a rise in the country’s inflation rate, the latest World Bank report has said. In addition, the report says ongoing restrictions on the use and movement of foreign exchange are “further pushing up prices of food and agricultural inputs like fertilizer.” Misaligned Exchange Rates […] дальше »
2021-6-22 14:30 | |
Bitcoin is changing the lives of 211 million Nigerians by beating inflation, disrupting the remittance market, and leading in P2P trading
Nigeria has a population of 211 million people, and only 50% of them have a bank account. The internet penetration in Nigeria stood at 50% in January 2021, and only 10-20% of the entire population use a smartphone. дальше »
2021-6-18 14:56 | |
Nigerian Central Bank Threatens Jail Time for Citizens Caught Defacing Naira Banknotes
Fighting to stop the value of the naira from dropping further, the Central Bank of Nigeria (CBN) faces yet another problem: abuse of naira banknotes. According to the CBN’s Aladeen Badajo, the central bank is concerned with the rate at which Nigerians “mutilate, deface, squeeze and even spray and sell the naira notes.” He adds […] дальше »
2021-6-16 17:00 | |
Why Nigeria Could Be The Next Nation To Embrace Bitcoin
There has been a high level of speculation on the next country that could massively adopt Bitcoin. El Salvador’s new law granting BTC legal tender status has caused excitement, after its approval many politicians and government officials around the globe have shown support for pro-BTC legislation. дальше »
2021-6-16 20:52 | |
After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’
Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price. дальше »
2021-6-15 21:00 | |
Why NFL’s Russell Okung Asked Nigeria To Adopt The Bitcoin Standard
Following El Salvador’s decision to grant Bitcoin the status of legal tender, other government officials in the region have hinted at adopting similar measures. Most of the interest seems to have a source in developing countries. дальше »
2021-6-14 21:00 | |
The CBN Says Nigeria Will Have a Digital Currency Before End of Year
Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also revealed that this “digital currency would […] дальше »
2021-6-12 04:30 | |
Central Bank of Nigeria Looking to Launch CBDC in 2021
An official of the Central Bank of Nigeria (CBN) stated that the CBN is planning to issue its central bank digital currency (CBDC) before the end of 2021. CBN’s CBDC Project to Improve Foreign Remittance Transfers According to the News Agency of Nigeria on Thursday (June 10, 2021), Rakiya Mohammed, an IT specialist at theRead More дальше »
2021-6-12 23:01 | |
Nigeria’s central bank plans CBDC pilot launch before the end of 2021
The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions.
дальше »2021-6-11 12:04 | |
Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications
Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications of further devaluing the naira. дальше »
2021-6-11 01:00 | |
How Nigeria’s Twitter Ban Could Hinder Bitcoin’s Adoption Rate In Africa
The Government of Nigeria on June 5th announced a ban on the social media platform, Twitter, restricting it from operating in Nigeria through the office of the Minister for Information and Culture. This action reportedly comes after Twitter deleted tweets by the President threatening a repeat of the Nigeria-Biafra 1967 Civil War. The ban has […] дальше »
2021-6-7 18:07 | |
Will Nigeria Lead The Digital Currency Movement In Africa?
Nigeria’s apex regulatory bank, The Central Bank of Nigeria (CBN), earlier this week hinted at its plans to create a digital Naira. Godwin Emefiele, the nation’s CBN Governor, made this disclosure at a Monetary Policy meeting held in Abuja, the country’s capital. дальше »
2021-5-30 21:43 | |
Fleeing Lynchpin of Nigerian Crypto Ponzi Scheme Inksnation Captured
The lynchpin of Inksnation, one of Nigeria’s biggest crypto Ponzi Schemes, Omotade-Sparks Amos Sewanu, has been captured. According to Nigeria’s Economic and Financial Crime Commission (EFCC), Sewanu, who was on the run, was nabbed in Sokoto, a city located in the northwest part of the country. дальше »
2021-5-29 16:30 | |
Crypto will ‘come to life’ in Nigeria, central bank governor says
Emefiele said the Nigerian government will do its best to prevent crypto from being used to finance illicit activities.
дальше »2021-5-28 12:02 | |
Nigeria’s Naira Loses Ground on Forex Black Market Just a Few Days After Devaluation
The Nigerian naira currency lost further ground against major currencies after it depreciated to 493 nairas for one dollar on the black market on May 25, 2021. Before the latest depreciation, the currency had stabilized at around 485 nairas to the dollar. дальше »
2021-5-28 11:30 | |