Nigeria Financial News

11.11 / 12:35

Twitter FTX leads $150m Series C extension for Chipper Cash

Founded in San Francisco in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, Chipper Cash is a mobile app that lets people transfer money across borders, fast and cheaply.Currently available in seven African countries - Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania and Uganda - as well as the UK, the startup claims to have four million users.The firm is looking to expand to new countries and has recently introduced a crypto product and will soon let users invest in US

10.11 / 02:51

Digital Coinone Bitcoin enaira A battle of wallets: El Salvador’s Chivo vs. Nigeria’s eNaira CBDC

The eNaira arrived on the world’s nascent CBDC scene after months of hopes, disappointments, a last minute postponement, and a great deal of doubt. However, Nigerians all over the globe have started using the digital currency and user feedback is coming in.

08.11 / 20:23

Blockchain Ethereum SEC Bitcoin Zimbabwe Eyes Crypto, Brave Solana, BTC & ETH Investments Flows + 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.__________

08.11 / 19:27

business Banks Central Bank Nigeria's central bank reportedly freezes crypto traders' accounts

The Central Bank of Nigeria has reportedly ordered all commercial banks in the country to freeze accounts with at least two individuals engaged in crypto trading.

08.11 / 03:13

Twitter FTX leads $150m Series C extension for Chipper Cash

08.11 / 00:33

Digital Citizens Gap Strategy inclusion Financial Nigeria: Was e-Naira’s vision of financial inclusion just a mirage?

Nigeria celebrated the launch of its central bank digital currency [CBDC] with pomp. It also noted massive adoption within just a couple of days – with 367,000 consumer wallets and over 58,600 merchant wallets downloaded in the first week.

02.11 / 00:31

business Blockchain Technology Adoption enaira eNaira slowly gains traction post-launch amidst glitches

The rollout of the world's second central bank digital currency, or CBDC, is off to a rocky start. Last week, Nigeria rolled out its eNaira CBDC after the Bahamas became the first country in the world to launch theirs, known as The Sand Dollar, the year prior.

01.11 / 20:27

UPS Provident Digital Platform Nigeria’s e-Naira roll-out plagued with glitches, will users adopt or abandon

The Nigerian central bank digital currency [CBDC] e-Naira has been facing a string of issues after the launch. The digital currency and the platform indeed saw a sea of 200,000 wallets signing up just within 24-hours of launch. But users found many glitches in the system. Could this lead to users abandoning it?

27.10 / 23:23

Digital Citizens LocalBitcoins Bitcoin Nigeria’s e-Naira gains more ground as Bitcoin P2P volume shrinks

Although the Federal high court gave Nigeria’s central bank digital currency, e-Naira a green light earlier in October, the Central Bank took four weeks to officially launch it. With the launch of e-Naira on 25 October, 2021, Nigeria became the first African country to launch a CBDC.

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