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The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation. Go to Source Powered by WPeMatico
Crypto investors in Nigeria no longer need to rely on centralized exchanges for buying cryptocurrencies like Bitcoin. Go to Source Powered by WPeMatico
The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and access to financial services. According to the central bank, some of the guidelines’ objectives include ensuring “consistency and security across the open banking system.” Customer Permissioned Data Sharing The Central Bank of … Read more
The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth. Go to Source Powered by WPeMatico
The supreme court of Nigeria says no to naira redesign, rules the old banknotes to remain in circulation. Go to Source Powered by WPeMatico
United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency. Go to Source Powered by WPeMatico
The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire workforce. … Read more
Bitcoin Lightning Network adoption receives a boost with the launch of USD payments and decentralized social media platform, Nostr. Go to Source Powered by WPeMatico
After multiple attempts to create an efficient digital currency, the Central Bank of Nigeria is turning to a New York tech firm to revamp the underlying technology. Go to Source Powered by WPeMatico
According to the findings of a study by Recap, the crypto asset management firm, the Nigerian city of Lagos is ranked among the world’s top 20 crypto hub cities. Besides Lagos, five more African cities, namely the Angolan city of Luanda, Nigeria’s Ibadan, and three South African cities — Cape Town, Johannesburg and Pretoria — … Read more
