According to reports, the Nigerian government intends to teach more than 30,000 individuals about blockchain technology. The National Information Technology Development Agency (NITDA),.
Naira, a basic monetary unit of Nigeria, now has a “crypto exchange rate” as a competitor. Nigerians have been stockpiling cryptocurrency since 2020.
Kenya is the latest country to investigate the possibility of a national CBDC. According to the Kenyan Central Bank, the introduction of a.
The Nigerian Central Bank banned banks from assisting cryptocurrency transactions last year, citing the need to safeguard the economy and investors. While many.
Binance, a cryptocurrency exchange platform based in Nigeria, has recently been the victim of a boycott movement organized by unhappy users. The campaigners.
Africa’s Crypto market has seen the highest growth via adoption in the past year. A reports from Chainalysis reveals that Africa recorded 1,200%.
Godwin Emefiele is the Central Bank of Nigeria governor. He expressed confidence that cryptocurrencies like Bitcoin will be legal. According to a Business.
With Covid-19 impacts worsening, Nigeria's leading luxury hotel, George Residence, plans to accept Bitcoin in collaboration with Coinvest Africa
The Central Bank of Nigeria's latest regulatory update against cryptocurrencies has led to Binance halting deposits in the Nigerian Naira .
In Nigeria, with the lack of U.S. Dollars and its weakening currency (Naira), companies are relying on bitcoin as a means of settling.