Nigeria Financial News

31.01 / 20:33

Provident CBDC Digital Central Bank Caribbean CBDC Remains Offline for More Than 2 Weeks Amid Technical Issues

DCash, a central bank digital currency (CBDC) commissioned by the Eastern Caribbean Central Bank (ECCB), has been offline for more than two weeks amid technical issues that continue to affect the platform.

31.01 / 16:26

event cryptocurrency RegTech Africa Conference to Drive Growth and Shape Digital Economy

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

31.01 / 12:59

Binance CEO Platform Fighting Binance Restricts 281 Nigerian Users in Relation to Money Laundering Laws

Binance restricted 281 Nigerian users in relation to safeguarding international money laundering, CEO Changpeng Zhao said.

28.01 / 15:07

defi Investments Africa United Nations Backed stake Nigerians are among the first to take advantage of decentralized loans backed by small-stake personal cryptocurrency

Global climate change continues to challenge the world's productivity and has already badly impacted the overall ability to maintain minimum sustainable goods production in Nigeria, as well as impacting overall food security for much of the population. Today, 100 million people in Africa face multiple crises, emergencies and catastrophic levels of food insecurity - with an increase of more than 60% between 2019 and 2020. As a result, social uplift has become a key goal for Environmental, Social and Corporate Governance (ESG) impact investing and global interest under the United Nations Sustainable Development Goals (UNDP).

24.01 / 16:08

Ethereum cryptocurrency Bitcoin plane Plane stowaway survives 9,000-km South Africa-Amsterdam flight in wheel section

Police in the Netherlands say they’re still not sure how a stowaway got on board a KLM flight from South Africa to Amsterdam’s Schiphol Airport on Sunday.

23.01 / 22:43

Law Vibe killers: Here are the countries that moved to outlaw crypto in the past year

Last week, Pakistan’s Sindh High Court held a hearing on the legal status of digital currencies that might lead an outright ban of cryptocurrency trading combined with penalties against crypto exchanges. Several days later, the Central Bank of Russia called for a ban on both crypto trading and mining operations. Both countries could join the growing ranks of nations that moved to outlaw digital assets, which already include China, Turkey, Iran and several other jurisdictions.

21.01 / 13:27

COST Provident Reuters Digital financial stability Financial Digital Dollar's Benefits Could Affect Financial Stability & Privacy: US Fed

The US Federal Reserve said that the introduction of an official digital version of the U.S. dollar could benefit Americans but it may also potentially affect financial stability and privacy.

16.01 / 13:29

cryptocurrency Twitter Google London Deal week Tech this week: Google plows €875m in UK office deal and North Korean hackers stole €350m in crypto

Tech giant Google has spent €875 million to buy a central London building where it is currently a tenant, showing its confidence in the future of the office as a place to work, the company said on Friday.

11.01 / 17:40

Blockchain Adoption Charity Green and gold: The crypto projects saving the planet

It seems as though the potential benefits of cryptocurrency are often overshadowed by the technology’s inherent vulnerability to exploitation.

24.12 / 03:15

Strategy CoinEx CoinEx 4th Anniversary｜Festival of Love: A Message of Love from Nigeria to the World

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

20.12 / 22:15

business Technology enaira From eNaira to eHryvnia, a Caribbean fintech develops CBDC around the world

Barbados, a paradise island in the West Indies, is known for its azure beaches, tidal waves, shipwrecks, homegrown grown Barbadian (Bajan) hospitality, and more recently, an influx of remote workers. Now, one can add cryptocurrency innovations to that list as well. Bitt, a Bajan fintech firm developing blockchain technology, has successfully created the eNaira central bank digital currency, or CBDC, for Nigeria and is on the path to creating an electronic Hryvnia for Ukraine.

10.12 / 20:23

Blockchain Gaming Legal Bitcoin ECB Should Learn From Florida, Solana's Opera, IOTA Assembles USD 100M, Gemini Down + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

26.11 / 21:33

business Africa Central Bank Tanzania reportedly makes plans to launch CBDC

The Bank of Tanzania is reportedly planning to introduce a central bank digital currency, or CBDC, for the African nation after neighboring countries announced similar initiatives.

23.11 / 23:37

MET FIVE Digital Strategy enaira ‘Full implementation’ of Nigeria’s eNaira to occur in four phases, includes interoperability

Nigeria and its central bank have been making strides in terms of increasing utility of its national digital currency. The Central Bank of Nigeria [CBN] wants to make the e-Naira interoperable with other central bank digital currencies [CBDCs].

19.11 / 19:29

Provident Digital Cooper Assurant digital euro European Central Bank exec stresses on making digital euro ‘attractive’ to users

In early November, a Chinese central bank official claimed that over 123 million personal wallets had been activated for the e-CNY. Meanwhile, a Nigerian central bank spokesperson reported that users of Nigeria’s eNaira wallet were nearing half a million.

19.11 / 01:19

UPS Digital Gap Nigeria: CBN Governor alleges ‘high-level illegality’ in crypto-firms

Many countries have been changing their perspective with regards to cryptocurrencies, of late. In that context, India, recently, softened its approach to digital assets. However, Nigeria, having the highest grassroots crypto adoption has raised the fences.

18.11 / 05:43

UPS Mobile Bitcoin enaira IMF release reveals its role in Nigeria’s eNaira project launch

Less than a month after the eNaira’s launch on 25 October, the stats have impressed experts worldwide. According to a Central Bank of Nigeria official who spoke to Bloomberg, there were over 488,000 downloaders. More than 75,000 international merchants have reportedly signed up as well.

16.11 / 17:39

Provident Digital Extreme Bitcoin Drop Nigeria: A 43% drop in Bitcoin P2P trading volumes thanks to…

Nigeria has been taking extreme steps to thwart crypto-transactions in the country, of late. Consequently, the result of these measures has been falling Bitcoin peer-to-peer [P2P] trading volume. As per data provided by UsefulTulips, the country’s P2P transactions have dropped by 43%.

16.11 / 13:01

Blockchain Digital Paxful Bitcoin Nigeria's E-Naira Gains Momentum, Tackles Influence of Volatile Cryptos

Nigeria's further efforts to curb the influence of cryptocurrencies have begun to bear fruits, as its introduction of a centralised digital currency eNaira has lured about half a million users within three weeks.

12.11 / 03:27

Citizens Action tracking Customers Nigeria banks tracking, flagging crypto transactions of customers

Nigeria had already taken steps to disable citizens’ participation in transacting using crypto but now it was moving forward to surveil the bank accounts of its citizens. According to the latest update, the Central Bank of Nigeria [CBN] sent an internal memo to commercial banks, asking to put an alert on accounts of users suspected to have engaged in cryptocurrency trading.

11.11 / 13:05

regulation Central Bank Bitcoin tracking Customer Nigerian banks tracking customer accounts for crypto trading

In Nigeria, commercial banks have begun monitoring accounts that appear to be utilized for cryptocurrency trading.

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