Coinbase Pushes Back on Reports It's Blocked in Nigeria
[Feb 22, 2024 11:10 AM] Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders.
6 / 9 Relevant items tagged with #Nigeria
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Bitcoin Soars Above $52K, Yet Public Interest Shows Decline, Google Trends Data Reveals
Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts
[Jan 4, 2024 5:19 AM] Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.
Nigeria Lifting Ban on Bank Accounts for Crypto Firms Could Lead to Usage 'Surge'
[Dec 27, 2023 8:58 AM] Pan-African exchange Yellow Card has said it will seek licensing in the country.
The Volatility Of Nigerian Real Estate, And Why Bitcoin Makes More Sense
[Dec 12, 2023 8:30 AM] I’ll start by making a statement that is probably already known to many, especially bitcoiners: money is a form of energy. We expend energy to do work. Then, an agreed-upon form of remuneration that is commensurate with the amount of work put in is…
Stakeholder urges swift implementation of Nigeria’s blockchain policy
[Nov 29, 2023 6:17 AM] SiBAN president Obinna Iwuno stressed the necessity of establishing a forward-thinking regulatory framework to accelerate the infusion of blockchain technology into diverse sectors of the economy.
Arrest made in Nigeria’s Patricia Technologies crypto wallet heist
[Nov 25, 2023 2:42 AM] A spokesperson for the Nigerian Police Force said that Wilfred Bonse, a Nigerian politician, has been arrested for the theft, the conversion of cryptocurrency wallets, and the unauthorized fund diversion from Patricia Technologies.
Nigeria’s NITDA advocates AI integration in payments for global recognition
[Nov 24, 2023 3:00 AM] NITDA chief Kashifu Inuwa Abdullahi said it’s crucial to take proactive measures to harness AI benefits and mitigate threats.
Report: Bitcoin Mining Project Initiates Construction of Hydro-Powered Facility in Nigeria
[Nov 21, 2023 6:30 AM] A Nigerian startup named Trojan Mining is constructing a hydro-powered facility dedicated to bitcoin (BTC) mining in the African country, according to a recent report. Over the weekend, Trojan unveiled the creation of its mining container, locally…
Nigeria and UK foundation launch Code Clubs for digital literacy
[Nov 10, 2023 5:01 AM] Nigeria’s communication ministry said the Code Clubs will introduce young participants to coding and digital technology and encourage them to deploy creative problem-solving in their everyday lives.
Nigeria’s 3MTT program draws 1M+ applicants, introduces AI course
[Nov 9, 2023 4:39 AM] The course will evolve in three stages, according to the government’s disclosed implementation strategy.
Nigeria Plans to Include Fintechs in Broadened Official Currency Market
Patricia exchange CEO announces debt restructuring via convertible notes
[Oct 21, 2023 3:08 AM] Patricia's CEO also revealed that these shares will be managed by a Securities Exchange Commission (SEC)-licensed trusted third-party trustee to ensure complete transparency.
Nigerian gov supports AI initiatives with $290K in grants
[Oct 15, 2023 12:55 AM] The recently introduced Nigeria Artificial Intelligence Research Scheme is designed to facilitate the widespread utilization of AI to drive economic advancement.
Central Bank of Nigeria: eNaira no threat to financial stability
[Oct 11, 2023 2:11 AM] Nigeria’s central bank issued a press release in response to “news items on some media platforms,” suggesting that the eNaira threatens Nigeria’s financial stability.
Energy Deregulation in Nigeria Could Lead to Bitcoin Mining Gold Rush
[Sep 12, 2023 9:49 AM] ( 93,950 Megawatts ) are not just figures in this context, rather these are the actual numbers of untapped potential carbon-emission-free energy sources in Nigeria alone. These stats include 68 percent small and large hydroelectric power plants, 7…
Blockchain could have prevented Nigeria’s naira scarcity — Local experts
[Sep 8, 2023 2:12 AM] According to Christopher Eniayemo, the decision to print new naira notes could have occurred via DeFi, involving Nigerians and aiding readiness for the change.
Africa’s blockchain journey begins with poverty alleviation — SumoTrust CEO
[Sep 8, 2023 1:23 AM] GT Igwe Chrisent said Africa must erase poverty and help people into the middle class to drive faster blockchain technology adoption.
Nigeria central bank missed opportunity for blockchain regulation in 2021 — Convexity CEO
[Sep 7, 2023 2:24 AM] Adedeji Owonibi stated that the Central Bank of Nigeria should have created a blockchain regulation strategy in 2021 instead of cutting ties between cryptocurrency exchange firms and local banks.
Nigeria’s Web3 education efforts seek to tackle language challenges
[Sep 7, 2023 1:16 AM] Bello Usman Abdullahi, the chief operating officer of the blockchain education platform Bitkova Academy, said the language barrier is one of the current major challenges.
99% of Nigerians are crypto aware — ConsenSys report
[Sep 4, 2023 2:22 AM] A survey featuring respondents from all seven continents suggests that Nigeria has the most crypto-aware population globally.
Nigeria’s Patricia crypto exchange seeks to explain its token amid confusion
[Aug 30, 2023 4:52 AM] Patricia clarified that it will operate similarly to an IOU (I owe you) document, serving as a means for the exchange to acknowledge its debt to its users.
Nigeria invites global experts to collaborate on national AI strategy
[Aug 30, 2023 2:41 AM] The action will impact how the government formulates inventive technological solutions for critical national challenges.
Nigerian crypto exchange's token launch draws scrutiny
[Aug 24, 2023 4:41 AM] This development follows the company's previous disclosure of a security breach resulting in fund losses in May 2023.
Nigeria to issue verifiable blockchain certificates for NYSC
[Aug 10, 2023 3:34 AM] This initiative aims to house all NYSC certificates on the blockchain, providing individuals with the means to easily verify and authenticate them.
Binance faces calls for ban by Nigerian Bureau De Change association
[Aug 9, 2023 5:53 AM] Gwadebe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel market.
Nigeria’s SEC warns against trading on Binance
[Aug 1, 2023 3:30 AM] The agency insists that the platform doesn’t have a license to work in the country and that its operation is illegal.
Binance's Activities Are Illegal in Nigeria, Securities Regulator Says
[Jul 31, 2023 3:15 AM] The regulator also ordered all crypto platform providers to stop reaching out to Nigerian investors.
Nigeria Is Altering eNaira Model to Promote Use of the Digital Currency: Central Bank
[Jul 26, 2023 3:27 AM] For many citizens, the central bank digital currency isn't easy to use.
Nigerian central bank adds NFC upgrade to eNaira for contactless payments
[Jul 23, 2023 2:02 AM] The central bank reportedly emphasized that the addition of NFC technology will play a crucial role in boosting the adoption rates for the CBDC.