MetaMask Enables Direct Crypto Purchases in Nigeria
Self-custody cryptocurrency purchases are becoming easier in Nigeria as major crypto wallet MetaMask expands direct onramps with local banks.
After Presidential Rebuke, Nigeria's Central Bank Says Demonetized Naira Banknotes Still Legal Tender
The Nigerian central bank has said the recently demonetized ₦200, ₦500 and ₦1,000 banknotes will remain legal tender until Dec. 31, 2023. The central bank statement, which reaffirms a Supreme Court ruling that extended the lifespan of the demonetized naira banknotes, followed a rebuke of the CBN by the outgoing Nigerian president, Muhammadu Buhari.
Nigerian President-Elect Aims To Use Blockchain Technology in the Banking Sector
Nigerian President-elect Bola Tinubu has recently released a manifesto that, if enacted, would enable the use of blockchain technology and cryptocurrencies in the nation's banking and finance sector.
Nigeria Fintech Flutterwave Denies Client Account Hacking Reports
The Nigerian fintech unicorn, Flutterwave, has said reports suggesting that hackers stole approximately $6.3 million from client accounts are not true. In a statement issued on March 5, the fintech insisted that no user lost any funds and that corrective action taken had in fact enabled it to “address the issue before any harm could be done to our users.”
Nigeria Picks Bola Tinubu as President Amid Cash Shortages
Bola Tinubu has won Nigeria’s disputed presidential election as the country continues to battle crippling cash shortages and high inflation left by outgoing President Muhammadu Buhari.
eNaira Is ‘Crippled’: Nigeria in Talks With NY-Based Company for Revamp
The Central Bank of Nigeria (CBN) continues with its attempts to create its central bank digital currency (CBDC), the eNaira, but this time it’s calling in for backup.
Why Bitcoin? Nigeria Faces Violent Protests Amid Cash Scarcity
The cash withdrawal restrictions imposed by the Central Bank of Nigeria (CBN) have made a strong case for Bitcoin as a solid store of value and a censorship-resistant currency.
Nigeria’s CBDC Program Called ‘A Very Dark Experiment’
Referencing the e-Naira, Journalist Nick Corbishley said, “A very dark experiment is underway in Nigeria.”
Nigeria To Regulate Stablecoins & Initial Coin Offerings (ICOs)
The Central Bank of Nigeria (CBN) has taken a major step forward by announcing its plans to create a regulatory framework to manage stablecoins as well as Initial Coin Offerings (ICOs).
Nigeria Extends Deadline for Returning Soon-to-Be Demonetized Naira Banknotes
After initially ignoring pleas to extend the period for returning old naira banknotes, the Nigerian central bank recently said it has shifted the deadline for returning old banknotes to Feb. 10. The bank’s governor, Godwin Emefiele, said some 30,000 so-called super agents have been deployed nationwide to help with the cash-swapping process.
