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Nigeria and South East Asia led global crypto adoption in 2020
18.2.2021
Statista has found that one-in-three Nigerians held or used crypto assets during 2020
Bitcoin selling at 36% premium in Nigeria
17.2.2021
In the wake of the recent ban on Nigerian banks' servicing of crypto exchanges, Bitcoin's price in the country has seemingly spun out of control
Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions
16.2.2021
A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks. The CBN order, which seeks snuff out crypto entities from the banking system, took effect on February 5, 2020....
Nigeria’s SEC Puts Plans to Regulate Crypto on Hold in Light of Central Bank Ban
12.2.2021
Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold
Nigeria's SEC suspends planned crypto regulations amid central bank ban
12.2.2021
Nigeria’s securities regulator has backed the central bank’s crypto ban by suspending its planned regulatory framework for digital assets
Nigeria’s Senate Summons Central Bank Chief to Explain Crypto Ban
12.2.2021
The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies
Bitcoin has made the Naira almost useless, says Nigerian Senator
11.2.2021
A cross-section of Nigerian senators have reacted to the recent Bitcoin ban enacted by the country’s central bank
How Nigeria and India Are Dealing With Crypto Bans
10.2.2021
Two of the world’s ten most populous countries have or are considering crypto bans: Here’s what it means
Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive
10.2.2021
Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial...
Bitcoin ‘Can’t Be Stopped’: Nigerians Look to P2P Exchanges After Crypto Ban
9.2.2021
Some Nigerians plan to continue using bitcoin (BTC) and other cryptocurrencies despite a directive issued by the Central Bank of Nigeria (CBN) last week ordering banks to close down accounts associated with cryptocurrencies
State of Crypto: India and Nigeria’s Crypto Crackdowns Continue Old Trends
9.2.2021
Both nations hope to prevent banks from providing services to crypto companies
Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch
9.2.2021
Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins
Nigerian Central Bank Says Its Ban on Crypto Accounts Is Nothing New
7.2.2021
The Central Bank of Nigeria said its warning to banks on Friday was not a new position, but a reiteration of its 2017 stance on cryptocurrencies
Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97%
6.2.2021
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that...
Binance Suspends Deposits in Nigeria Following Central Bank Directive
5.2.2021
Nigeria's central bank told financial institutions they couldn't provide crypto companies or users with services on Friday
Nigeria’s Central Bank Orders Banks to Close Accounts of All Crypto Users
5.2.2021
Any breaches of the order would face "severe regulatory sanctions," the central bank warned
Central Bank of Nigeria bans banks from servicing crypto exchanges
5.2.2021
Nigeria's central bank has prohibited commercial banks from providing account services to crypto exchanges
African Hip Hop Artist Davido ‘Thinking of Starting a Bitcoin Trading Company’
5.2.2021
Popular Nigerian hip hop artist Davido has sparked off a buzz about crypto assets after tweeting about his intention to start a bitcoin trading company. With the short tweet, Davido becomes the latest African celebrity to express interest in starting a crypto business. Senegalese singer Akon...
All Over the World, Small Investors Jump Into the GameStop Frenzy
29.1.2021
The world is watching U.S. markets with great interest, and more than a little FOMO, as Reddit investors continue to test their might against Wall Street. It all started when retail investors on the Reddit community wallstreetbets began pumping the price of U.S. video game retailer GameStop’s (GME)...
Trading Bitcoin in Africa Is a Way for Some to Escape Poverty
21.1.2021
Learning to trade bitcoin has become a valuable skill set for Africans looking to boost their income