The naira has dropped by 11% in 2023 with half of this change from May 29.
The naira devaluation and the fuel subsidy removal have aggravated the situation for citizens.
There could…
The liquidity crunch recently worsened in Nigeria as banking services struggle to match the fast swell of users who rely on their platform, causing crypto merchants to suffer.
The Central Bank…
More Nigerian Bitcoin traders have resorted to channelling their transactions through cryptocurrencies amidst tight cash liquidity conditions in the country.
Bitcoin price has surged above the average market level by a…
The EFCC has become more intentional about spreading a positive narrative behind their activities as more Nigerian youths now rely on cryptocurrencies for their livelihood.
The Economic and Financial Crimes Commission…
With the Naira on a free fall and the rising inflation figures, Nigerians are burning out on multiple ends, squeezing them into a corner with almost no way out.
With Nigerians…
The Central Bank of Nigeria refuses to ease its stance over crypto transactions through local banks sending warnings to customers.
The Nigerian Securities and Exchange Commission recently released a regulatory framework…
National Bank of Ethiopia kicks against cryptocurrencies and proclaims all transactions be done using the Birr.
As the wave of crypto adoption sweeps across Africa due to rising inflation and weak…
The CBN intensifies its effort to increase the adoption of the eNaira and urges Nigerians to embrace the initiative.
The Central bank of Nigeria has continued its sensitisation and enlightenment campaign…
The Nigerian SEC’s recently released guide to regulate digital/virtual assets draws positive and negative reviews from crypto heavyweights.
The Nigerian Securities and Exchange Commission (SEC) recently released new guidelines for Digital…
Imminent eNaira upgrade would include Bill payment and investment options for Nigerian Fintechs. Meanwhile, two-thirds of Central banks globally are considering CBDCs.
Several reports indicate that the Central Bank of Nigeria…