Nigeria

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Governor says, Nigeria’s central bank is not discouraging people from trading crypto

Nigeria’s central bank governor, Godwin Emefiele, has reportedly clarified the bank’s position on the use of cryptocurrencies in the country. Which had previously prohibited banks from servicing crypto exchanges. According to local news outlet TodayNG, CBN deputy governor Adamu Lamtek said on behalf of Emefiele. That the bank had not banned Nigerian residents from buying, […]

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Nigeria hopes to generate $10B in revenue from blockchain by 2030

The director-general of the National Information Technology Development Agency of Nigeria, or NITDA. Said the country could potentially expect blockchain technology to generate revenues of between $6 billion and $10 billion over the next ten years. Director-General Kashifu Inuwa spoke at a stakeholder meeting in the Nigerian capital of Abuja to review the Agency’s National […]

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Booming Adoption of African Crypto Drives Regulatory Concerns

In 2020, African crypto adoption has accelerated, with the continent emerging. As the second largest peer-to-peer (P2P) trading region. And two African countries ranking in the top eight of the Chainalysis crypto adoption index. However, the booming growth has caught the attention of African financial regulators. Raising concerns that innovation in the local crypto industry […]