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Nalezeno "Nigeria": 818

Nigerian Central Bank Seeks New CBDC Tech Partner — Bank Urged to Improve E-Naira User Experience

24.2.2023
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 help the central bank implement a system which gives it greater control of the digital currency....

Why Nigerians Aren't Turning to the eNaira Despite Crippling Cash Shortages

24.2.2023
A lack of infrastructure, merchants and interest may all be contributing factors to Nigeria’s low eNaira pickup – despite its recent cash issues

Report: Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO

23.2.2023
The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire...

Bitcoin Lightning Network growth is organic, coming from real-world adoption

22.2.2023
Bitcoin Lightning Network adoption receives a boost with the launch of USD payments and decentralized social media platform, Nostr

eNaira is 'crippled': Nigeria in talks with NY-based company for revamp

21.2.2023
After multiple attempts to create an efficient digital currency, the Central Bank of Nigeria is turning to a New York tech firm to revamp the underlying technology

Nigeria's Central Bank in Talks With Blockchain Platform R3 for CBDC Revamp: Bloomberg

21.2.2023
The central bank wants full control of eNaira, and is in early talks with blockchain platform R3 to develop the technology, according to the report

African Fintech Startups Raised $1.45 Billion in 2022 — Sector’s Share of the Continent’s Total Funding Drops

19.2.2023
Despite seeing their share of Africa’s startup funding drop from 48.3% seen in 2021 to 43.4% in 2022, fintech still managed to raise 39.3% more capital in 2022 ($1.45 billion) than they did in 2021 ($1.04 billion). Nigeria was again the best-funded country after 180 of its startups raised...

Moody’s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks

17.2.2023
The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will likely force the affected financial...

Nigerian President Barred From Extending Old Naira Banknote Demonetization Deadline

9.2.2023
With just a few days left before the old naira banknotes are demonetized on Feb. 10 as scheduled, a court in Nigeria has blocked the country’s president, Muhammadu Buhari, and the central bank governor, Godwin Emefiele, from further extending the deadline. Opponents of the central...

Nigerian City of Lagos Among the World’s Top 20 Crypto Hub Cities — Study

8.2.2023
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 cities, namely the Angolan city of Luanda, Nigeria’s Ibadan, and three South African cities...

Nigeria’s Bitcoin Premiums May Better Reflect Country’s Demand for the Dollar, Not Crypto

3.2.2023
Nigerians are paying a premium, but probably more for the U.S. dollar than for bitcoin, an analyst told CoinDesk

Nigeria Extends Deadline for Returning Soon-to-Be Demonetized Naira Banknotes

1.2.2023
After initially ignoring pleas to extend the period for returning old naira banknotes, the Nigerian central bank recently said it has shifted the deadline for returning old banknotes to Feb. 10. The bank’s governor, Godwin Emefiele, said some 30,000 so-called super agents have been deployed...

Bitcoin pumped 43% in January 2023! What to expect in February — Watch The Market Report live

31.1.2023
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss what the second month of 2023 could potentially hold for BTC

Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

30.1.2023
The price of one Bitcoin (BTC) in Nigeria can cost upwards of $38,000

Nigerian Banks Still Distributing Old Naira Banknotes as Demonetization Date Approaches

24.1.2023
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 growing pressure for it to extend the period for returning the old notes, the central bank insists...

DeFi, DAOs and NFTs: Crypto is redefining how charities raise funds

17.1.2023
Crypto donations are so much more than just peer-to-peer Bitcoin and Ether transactions

Report: Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert

15.1.2023
The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an international financial markets expert has reportedly said. Adebajo also suggested that the Central Bank of Nigeria governor Godwin...