The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and access to financial services. According to the cen...
Tag: Nigerian
Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes
– Advertisement – According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetizati...
Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes – Bitcoin News
According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetization of the 1,000, 500 and 100-n...
Nigerian President-elect’s Manifesto Includes Blockchain and Crypto Regulations
Nigeria is one of the countries where cryptocurrency adoption is on the rise. In recent years, the country has seen a surge in crypto trading and the use of cryptocurrencies for cross-border payments,...
Nigerian president-elect aims to use blockchain technology in the banking sector
Nigerian President-elect Bola Tinubu has recently released a manifesto that, if implemented, would enable the use of blockchain technology and cryptocurrencies in the nation’s banking and finance sect...
President’s directive canned by Nigerian supreme court
The supreme court of Nigeria has ruled that the old N200, N500, and N1,000 naira notes remain in circulation till Dec. 31, 2023, effectively nullifying the naira redesign previously announced by Niger...
Nigerian Crypto Leverage Searches Second-Highest Globally — Africa Dominates Searches for Leveraged Trading Products – Africa Bitcoin News
According to an analysis of Google searches by Leverage Trading, Nigeria is the “second-highest country in the world for searches related to crypto leverage.” Along with South Africa and Ghana, the We...
Will Tinubu save the plunging Nigerian naira?
The Nigerian naira remained under intense pressure after the country published results of its closely watched election. Google quotes the USD/NGN rate at 460, where it has been in the past few months....
Nigerian Central Bank Seeks New CBDC Tech Partner — Bank Urged to Improve E-Naira User Experience – Africa Bitcoin News
More than a year after it launched its central bank digital currency with partner Bitt Inc, the Central Bank of Nigeria is reportedly seeking a new technology partner. The new partner is expected to h...
Nigerian Crypto Payment Gateway Fluidcoins Acquired by Seychelles-Based Crypto Exchange – Africa Bitcoin News
The Nigerian crypto payment gateway Fluidcoins was recently bought for an undisclosed sum by Blockfinex, in a deal which the former’s CEO Lanre Adenowo described as an “acquihire deal.” Blockfinex rep...
Nigerian City of Lagos Among the World’s Top 20 Crypto Hub Cities — Study – Featured Bitcoin News
According to the findings of a study by Recap, the crypto asset management firm, the Nigerian city of Lagos is ranked among the world’s top 20 crypto hub cities. Besides Lagos, five more African citie...
Nigerian Crypto Users and Enthusiasts Dismiss 100% BTC Premium Claims – Africa Bitcoin News
Nigerian blockchain and crypto enthusiasts have said recent reports suggesting that local residents are paying a premium of almost 100% on top of the prevailing price of bitcoin “are totally false.” T...
Bitcoin Premium Hits 60% Due to Nigerian ATM Withdrawal Limits
Nigerian Central Bank pushes its citizens to digitalized cash. ATM withdrawals had daily limits of 20,000 NGN ($43.50) to 100,000 NGN ($217). This led to Bitcoin Premium hitting 60%, approximately $38...
Ghanaian and Nigerian Central Bank Open Respective Regulatory Sandbox Application Processes – Fintech Bitcoin News
The Ghanaian and Nigerian central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox w...
Nigerian Banks Still Distributing Old Naira Banknotes as Demonetization Date Approaches – Africa Bitcoin News
With just a few days left before old Nigerian naira banknotes are removed from circulation, some banks have accused the Central Bank of Nigeria of failing to distribute enough new banknotes. Despite g...
New Nigerian Central Bank Document Discusses Regulation of Stablecoins and ICOs – Bitcoin News
According to a recently unveiled document, the Nigerian central bank will in the future be open to developing a regulatory framework for potential implementations of stablecoins. The document also dis...
Nigerian Crypto Exchange Roqqu Gets European Union Virtual Currency License – Regulation Bitcoin News
The Nigerian crypto exchange Roqqu recently announced that it obtained a virtual currency license that allows it to offer its services in 28 European countries. According to Israel Ololade, the head o...
Nigerian Central Bank Spent Over $1.8 Billion Managing Local Currency – Economics Bitcoin News
During her appearance before Nigerian lawmakers, Aisha Ahmad, the deputy governor of the Central Bank of Nigeria (CBN), told lawmakers that out of the nearly $1.8 billion used to manage the local curr...
Nigerian Security Agency Seeks to Arrest Central Bank Governor on Charges of Funding Terrorists – Coinotizia
The Nigerian security agency, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele as soon as he is seen in p...
Nigerian Security Agency Seeks to Arrest Central Bank Governor on Charges of Funding Terrorists – Africa Bitcoin News
The Nigerian security agency, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele as soon as he is seen in p...
Nigerian Central Bank Increases Cash Withdrawal Limits After Receiving ‘Feedback From Stakeholders’ – Africa Bitcoin News
Barely a month after announcing the restricting of cash withdrawals to under $50 per week, the Central Bank of Nigeria said on Dec. 21 that individuals will be able to withdraw an equivalent of $1,120...
Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto – Regulation Bitcoin News
Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 20...
Nigerian Government Proposes Legislation Regulating Cryptocurrencies
3 seconds ago | 2 mins read Bitcoin News The local SEC will be able to recognize cryptocurrencies. This news comes about 24 months after the ban. To keep up with global trends, the Nigerian government...
CBDC Adoption Increasing Efforts of Nigerian Central Bank; Caps Over Withdrawal
The world is going digital and many countries all around are seeking to lead the race. Some countries amidst these top contenders took advantage of starting early. Nigeria is among such players who in...
Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions – Taxes Bitcoin News
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report ha...
AAX Users Storm Crypto Exchange’s Nigerian Offices, Attack Employees – News Bitcoin News
Nigeria users of the crypto exchange AAX, which suspended withdrawals on Nov. 12, reportedly stormed its offices in Lagos and began assaulting employees. Reports that disgruntled AAX users have harass...
Nigerian Securities Regulator to Exclude Crypto in its Digital Asset Agenda – Regulation Bitcoin News
According to Lamido Yuguda, the director general of the Nigerian Securities and Exchange Commission, the regulator does not plan on including cryptocurrencies in its digital asset agenda. Yuguda repor...
Have you Heard About This New Step by Nigerian SEC in Crypto Space?
Nigerian Security and Exchange Commision (SEC) is actively working to distinguish between cryptocurrencies and Digital Assets. As the Nigerian SEC is not planning to include cryptocurrencies in a plan...
Nigerian Crypto Exchange Quidax Cuts Its Workforce by 20% – Exchanges Bitcoin News
As it reels from the effects of what it termed a global economic downturn, the Nigerian digital asset exchange platform, Quidax, recently said it had laid off employees who constituted 20% of its work...
New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor – Economics Bitcoin News
The Central Bank of Nigeria governor, Godwin Emefiele, has said the newly designed naira banknotes are set to enhance the effectiveness of the organization’s monetary policy and bolster the financial ...