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Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive

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 system from the “risks” that are associated with cryptocurrencies. Debunked Claims Still, the central […] дальше »

2021-2-10 12:05


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Nigerian Youth Propels the Country to the Top of Google Bitcoin Search Rankings

Nigeria, one of the biggest cryptocurrency markets in the world, recently emerged as the country with the highest number of bitcoin searches globally, according to Google Trends data. The data shows that the West African country has a search score of 100, which is more than double that of its nearest rival. Youth-Driven Interest According […] дальше »

2021-1-15 07:15


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Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US

Nigeria’s weakening naira currency, as well as the shortage of U. S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well as to order essential equipment from abroad. дальше »

2020-8-22 00:00


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Bitcoin Most Popular in Africa Right Now

The Google search trends of “Bitcoin” term have moved from Western countries to Asia and Eastern Europe throughout the years and recently landed in Africa, according to Binance Research. Bitcoin Now Most Popular in Nigeria Earlier today, Binance Research presented a short video demonstrating the changes in heat ranking of Bitcoin term in Google search by country. дальше »

2019-9-26 15:30


CEO of Nigeria’s Deposit Insurance Corporation (NDIC) Cautions Public of Risks in Cryptocurrencies

Umaru Ibrahim, the CEO and managing director of the NDIC, released a notice warning the public against heavy reliance on cryptocurrencies as payment options in the country. The official press release by the corporation states that the CEO advises ‘maximum caution’ when dealing with cryptocurrencies. The comment were made during a courtesy call by the […] дальше »

2019-7-26 19:44


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Moonday Mornings: Cryptocurrency market at 5-month high, Paxful under fire, and more

It’s Monday which means it’s time for a wrap-up of the weekends top cryptocurrency and blockchain headlines. Here’s Moonday Mornings for you. 1. The United Global Resolve For Peace is petitioning the Central Bank of Nigeria after thousands of the country’s residents claim to have been “defrauded” out of millions of dollars earned from trading cryptocurrencies on exchange service Paxful, The Guardian, a local Nigerian outlet reports. дальше »

2019-4-8 11:17


This Central Bank Governor’s Tenure is a Tale of Everything Wrong With Socialism

A poor and densely populated country stuck at number 137 worldwide in the economic prosperity rankings, with a per capita GDP of just about $2,000 – this would be the perfect proving ground to show once and for all that left wing economics can successfully turn the fortunes of a struggling people around, and give the world an alternative to its failing capitalist system. дальше »

2019-3-11 15:00


The Socialist Politics of Envy: What the World Can Learn from Nigeria’s Unfolding Disaster

Africa’s most populated country and the world’s 26th largest economy is heading for a meltdown as a direct result of envy politics. It was an election between a multimillionaire pro-business candidate seen as part of the establishment and a self-proclaimed hero of the masses who railed against corrupt elites and promised to fight for the little guy. дальше »

2019-3-3 10:55


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Nigeria’s Opposition Leader Promises Cryptocurrency Policy If Elected President

Nigeria’s main opposition leader and former vice president, Atiku Abubakar, has said the country will adopt blockchain technology and cryptocurrency if he is voted into power. In his policy document, Abubakar revealed plans to create a legal policy that, among other things, will see blockchain and cryptocurrencies taught from primary school through university. дальше »

2018-11-23 00:50


July in Africa: Free Google Wi-Fi and agriculture drones

Internet usage in Africa is growing, but not quickly enough for Google, which wants to give it a nudge to boost its user base on the continent. Things came to a head in July in this respect, with the company announcing it was partnering with Kenya’s third largest telecoms firm — Telkom — to launch commercial operations of its internet-beaming balloon project Loon in the East African country. дальше »

2018-8-2 14:50


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