From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian Financial Intelligence Unit reportedly said. Public offi...
Tag: Nigeria
How To Turn The Tide On Violations Based On Religion Or Belief?
Violations of the right to freedom of religion or belief, including in their most egregious manifestations, whether crimes against humanity, war crimes or even genocide, are not issues left behind in ...
BTC Usage to be Legalized in Nigeria
Nigeria will soon pass a bill to legalize BTC and cryptocurrency usage. The African nation had banned crypto usage in February 2021. Bitcoin is gaining popularity worldwide; the idea of cryptocurrenc...
Nigeria Increases Cash Withdrawal Limit Post Feedback
9 seconds ago | 2 mins read Altcoin News The CBN has imposed a cash withdrawal limitation for corporations of $11,200. The bank acknowledged the importance of cash in helping unserved and rural region...
What to make for Christmas dinner? It depends on where you live
People traveling abroad this Christmas may not find their favorite holiday food on the menu. That’s because traditional holiday fare varies around the world. To see who’s eating what this ...
Nigeria May Be Next To Legalize Bitcoin & Cryptocurrencies
While a growing number of countries have adopted Bitcoin and other cryptocurrencies to some degree, the rest either are undecided or rule out the use of digital innovation. A new report says that the ...
Nigeria to Regulate Crypto to Align with Global Practices
Nigeria plans to regulate cryptocurrency to be up to date with global practices. The African nation once banned the trading of crypto in 2021. The Nigerian government might amend the Investment and Se...
Is Nigeria stepping into El Salvador’s shoes? This update can clear the air
Nigeria may legalize the usage of Bitcoin soon More people from the country were switching to cryptocurrencies as their economy faltered As per an 18 December article by a Nigerian newspaper, the coun...
Nigeria Set to Recognise Crypto as Investment Capital: Report
If passed, the proposed Investments and Securities Act, 2007 (Amendment) Bill, will also define supervisory roles for the Central Bank of Nigeria and the country’s Securities and Exchange Commis...
Upcoming Bill Will Keep Nigeria Updated With Markets, Said Ibrahim Babangida
0.5% of Nigeria’s 217 million citizens are using the eNaira. The Central Bank of Nigeria ordered all financial institutions to cease accounts that undertake crypto transactions in 2021. Recently a N...
Nigeria to Pass a Bill Recognising Bitcoin and Other Crypto
According to reports by a local Nigerian news outlet, the Chairman of the House of Representatives Committee on Capital Market, and Institutions of Nigeria, said the country will soon pass a law legal...
Nigeria Passes Bitcoin And Cryptocurrency Law
A little more than a year after its introduction in October 2021, Nigeria’s eNaira has only managed to get an adoption rate of 0.5%. The legislation that is set to be passed comes as a result of...
Nigeria To Pass Bill On Legalizing Cryptos & Bitcoins
Cryptocurrency News: According to reports by a Nigerian-based newspaper, Nigeria is in the process of legalizing Bitcoin and other cryptocurrencies to keep up with the growing digital market. The Nige...
Nigeria Might Support Bitcoin And Cryptocurrencies, New Report Shows
The cryptocurrency market and bitcoin popularity in Nigeria have been rising in recent years. Despite the ban on crypto trades by the government in 2021, Nigerians continued to engage in cryptocurrenc...
Nigeria Seeks to Legalize Bitcoin, Crypto Usage With New Bill
Nigeria is planning to push a law to legalize the usage of bitcoin and cryptocurrencies, backpedaling its stance on the industry. According to a local newspaper, Babangida Ibrahim, chairman of the Hou...
Nigeria passes amendment bill to regulate crypto
The Central Bank of Nigeria (CBN) banned the use of crypto assets with the rise of the #ENDSARS movement in the country. Babangida Ibrahim, chairman of the House of Representatives Committee on Capita...
Nigeria set to recognize crypto as an investment class
Nigeria lawmaker Babangida Ibrahim said that the country is set to recognize cryptocurrencies as an investment class in its proposed investments and securities amendment bill, local Punch news reports...
Nigeria set to legalize Bitcoin usage
While Bitcoin (BTC) has dropped to its lowest level in the last two years, many organizations throughout the world have always considered it as a tool against inflation. Africa has, nevertheless, been...
Nigeria Begins Process To Legalize Cryptocurrency Use
Join Our Telegram channel to stay up to date on breaking news coverage Nigeria is looking to change its stance around private cryptocurrencies. According to a local publication, the chairman of the Ho...
Nigeria set to pass bill recognizing Bitcoin and cryptocurrencies
The Nigerian government will reportedly soon pass a law that will recognize the usage of Bitcoin (BTC) and other cryptocurrencies as a means to keep up to date with “global practices.” The news was re...
Airlines Call On Governments To Release $6 Billion In Trapped Revenues
Trapped funds getty The world’s trade body for airlines, the International Air Transport Association (IATA), has said that close to $6 billion of its members’ assets are currently trapped in more than...
Nigeria Announces New Cash Withdrawal Restrictions — ATMs Limited to Less Than $44 per Day – Coinotizia
In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under $222 per week while corporates can only withdraw cash...
Nigeria Limits ATM Withdrawals to $225 Weekly in a Bid to Boost CBDC Adoption
The Central Bank of Nigeria (CBN) issued a directive according to which locals can withdraw a maximum of $225 per week from ATMs. The institution raised hopes that it could stimulate the usage of mobi...
Nigeria Limits Cash Withdrawals to $45 per Day in CBDC, Digital Banking Push
Nigeria has imposed limits on cash withdrawals in a move to push consumers towards alternatives, including its own Central Bank Digital Currency (CBDC), the eNaira. In a letter to banks and other fina...
Nigeria Announces New Cash Withdrawal Restrictions — ATMs Limited to Less Than $44 per Day – Bitcoin News
In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under $222 per week while corporates can only withdraw cash...
Nigeria Limits Cash Withdrawals in CBDC Push
The Central Bank of Nigeria is attempting to drum up the use of its central bank digital currency, or CBDC, by enforcing limits on the amount of cash citizens can withdraw from their local banks. Nige...
Nigeria forces CBDCs by limiting ATM cash withdrawals over $225 a week
To further its “cash-less Nigeria” policy and promote the usage of the eNaira, Nigeria’s Central Bank’s Digital Currency, the country has dramatically curtailed the amount of cash that people and busi...
Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC
Nigeria has drastically reduced the amount of cash individuals and businesses can withdraw as it attempts to push its “cash-less Nigeria” policy and increase the use of the eNaira — Nigeria’s Central ...
Nigeria Restricted ATM Withdrawals to Promote CBDC Adoption
11 seconds ago | 2 mins read Bitcoin News Nigeria urged citizens to use the eNaira and other channels by the central bank. Who breach the limits imposed by the government will be charged. Nigeria has ...
AAX Users in Nigeria Storm Company Office Over WIthdrawal Halt
Exchange News The irate crowd, allegedly, asked that a ban on withdrawals since November 12 be lifted. SIBAN pleaded with customers to cease harassing the crypto exchange’s employees. A group of Niger...
Is Nigeria about to ban crypto?
In Feb 2021, the Securities and Exchange Commission (SEC) of Nigeria announced the suspension of every type of cryptocurrency in Nigeria. Additionally, the commission warned the public about any crypt...
Crypto’s success continues to remain relentless in Nigeria
It is not a secret that Nigeria is one of the nations with the most crypto-friendly populace. Despite the attempts of the government to hinder that by declaring crypto trades outright illegal, the res...