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Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa

22.3.2021
Blockchain Africa highlights the remaining hurdles that stand in the way of widespread adoption of crypto and blockchain on the continent

Nigeria's central bank not discouraging people from trading crypto, says governor

21.3.2021
The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks

Central Bank of Nigeria Official Reiterates Nigerian Residents Free to Trade Cryptos: Directive Only Applies to Banking Sector

21.3.2021
A senior executive with Nigeria’s central bank, Adamu Lamtek, has reportedly denied that his institution had placed restrictions on the use of cryptocurrencies. Instead, Lamtek, who is the deputy governor responsible for corporates services at the Central Bank of Nigeria (CBN), says...

Africa’s solarized digitalization agenda in the time of coronavirus

20.3.2021
The COVID-19 pandemic has highlighted the necessity for the digitalization and sustainable development of African economies

Nigeria to Pay 1.2 Cents for Each Dollar Remitted to the Country to Combat Cryptocurrency Use

9.3.2021
The Central Bank of Nigeria (CBN) has announced a scheme that seeks to boost international remittances as well as to encourage the use of official corridors when retrieving funds. The CBN’s move to incentivise recipients follows the plummeting of the country’s official remittances...

Nigerian Vice President Yemi Osinbajo Contradicts Central Bank, Says Cryptocurrencies Must Regulated and Not Prohibited

27.2.2021
In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets. He adds that instead of “killing the goose that might lay the golden egg”, Nigerian monetary...

Blockchain and crypto will challenge current finance, Nigeria VP says

27.2.2021
Yemi Osinbajo sees potential for crypto and blockchain

Why is Bitcoin $86K in Nigeria? Here's why the BTC premium is huge in some countries

26.2.2021
Traders are accustomed to slight price differences between exchanges, but is a 70% gap sustainable?

Central Bank of Nigeria Governor Defends Decision to Exclude Crypto Players, Says the Order Is ‘in the Best Interests of Nigerians’

26.2.2021
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has defended the apex bank’s decision to exclude cryptocurrency transactions from the banking ecosystem. In his testimony before the Nigerian Senate, Emefiele claimed that the February 5 directive is “in the best...

'Cryptocurrency is not legitimate money,' says Nigeria's central bank governor

24.2.2021
Nigeria’s central bank is doubling down on its anti-cryptocurrency stance

Crypto market too big to ignore, says Nigeria SEC

22.2.2021
Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country

IMF Representative of Nigeria Calls for Caution Over the Use of Cryptocurrencies

20.2.2021
The International Monetary Fund (IMF) resident representative for Nigeria, Ari Aisen recently discussed the Central Bank of Nigeria (CBN) directive that targets crypto entities. In remarks made during a special virtual press briefing, Aisen repeats some of the CBN’s claims that...

Nigeria Crypto Ban: Bitcoin Sells for $76K as Deposits on Centralized Exchanges Plummet

18.2.2021
According to a website that tracks the price of bitcoin across the globe, the crypto asset’s selling price in Nigeria as of February 18 stood at $ 76,000. At this price, the crypto asset is selling for $20,000 more than the approximately $52,000 that most cryptocurrency exchanges...

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....