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After Ghana, Nigeria is the next African nation to reveal CBDC plans, issues guidelines

Africa is witnessing a constantly increasing interest cryptocurrencies. Many regions such as Nigeria and Ghana saw major circulation numbers lately. Well, this marks a reducing dependence on inflationThe post After Ghana, Nigeria is the next African nation to reveal CBDC plans, issues guidelines appeared first on AMBCrypto. дальше »

2021-8-31 21:30


Nigeria moved $40 million via peer-to-peer Bitcoin (BTC) trades last month

Data on Bitcoin peer-to-peer trading has shown that nearly $40 million worth of the leading digital asset was moved in the last 30 days by Nigerian Bitcoin users This figure is in line with those the African country had recorded since her government banned financial institutions from providing their services for crypto transactions. дальше »

2021-8-7 16:16


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Nigeria’s Central Bank Plans to Launch CBDC Pilot Scheme in October 2021

The Central Bank of Nigeria (CBN) is moving forward with its central bank digital currency project (CBDC) project, as the CBN will launch a digital naira pilot program later in October 2021. Nigeria Progresses With Digital Naira Initiative  According to the Peoples Gazette, the CBN made the announcement while addressing stakeholders at a webinar onRead More дальше »

2021-7-24 23:00


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Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging

Despite the crypto ban in Nigeria, the country has recorded massive growth in its peer-to-peer bitcoin trade volumes in recent times.   Available data has revealed that in the month of June, citizens of the country traded around $38 million worth of digital assets —the second time the country has recorded volume above $35 million. дальше »

2021-7-13 10:03


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T.E Markets Ltd Set To Launch Its Crypto Currency And Africa’s first Consolidated Exchange

T. E Markets Limited, has launched its own cryptocurrency; XTEMCoin with presale starting on Monday 28th, June on their website, www. tem-coin. com. T. E Markets Ltd is a Holding Company registered in Seychelles with running projects in South Africa, Zimbabwe, Zambia, Nigeria, Kenya, the Democratic Republic of Congo, United States of America and soon in Ghana. дальше »

2021-7-3 15:32


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Nigerian Learning Institution Says It Now Accepts Crypto as Payment for School Fees

A learning institution in Nigeria’s Kano state, the New Oxford Science Academy, recently announced it will be accepting cryptocurrency as payment for school fees. According to the school’s proprietor, Sabi’u Musa Haruna, the institution arrived at this decision after consulting parents and guardians of the students. дальше »

2021-6-29 14:00


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Nigerian High School Defies Regulatory Bodies By Accelerating Bitcoin Adoption

Countries like Nigeria, which are classified as emerging markets with weak economies, are seeing a huge surge in crypto activities. As with the case in Nigeria, these activities are usually related to crypto companies and exchanges opening operations in the country and recording significant growth in trading volume. This time though, the news is coming […] дальше »

2021-6-28 23:49


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New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food Prices

Nigeria’s use of multiple exchange rates regimes may have contributed to a rise in the country’s inflation rate, the latest World Bank report has said. In addition, the report says ongoing restrictions on the use and movement of foreign exchange are “further pushing up prices of food and agricultural inputs like fertilizer.” Misaligned Exchange Rates […] дальше »

2021-6-22 14:30


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Nigerian Central Bank Threatens Jail Time for Citizens Caught Defacing Naira Banknotes

Fighting to stop the value of the naira from dropping further, the Central Bank of Nigeria (CBN) faces yet another problem: abuse of naira banknotes. According to the CBN’s Aladeen Badajo, the central bank is concerned with the rate at which Nigerians “mutilate, deface, squeeze and even spray and sell the naira notes.” He adds […] дальше »

2021-6-16 17:00


How Nigeria’s Twitter Ban Could Hinder Bitcoin’s Adoption Rate In Africa

The Government of Nigeria on June 5th announced a ban on the social media platform, Twitter, restricting it from operating in Nigeria through the office of the Minister for Information and Culture. This action reportedly comes after Twitter deleted tweets by the President threatening a repeat of the Nigeria-Biafra 1967 Civil War. The ban has […] дальше »

2021-6-7 18:07