Nigeria authorizes banks to open accounts for crypto companies
But there's a catch: cryptocurrency companies must first secure a license from the country's capital markets regulator.
Nigeria
Latest stories and analysis of blockchain and digital assets developments in Nigeria.
How cryptocurrency is empowering global economic inclusion
Crypto is driving global economic inclusion by connecting individuals in emerging markets to opportunities that were previously inaccessible.
UfarmX wants to create blockchain-based digital ‘credit scores’ for African farmers
The US-based startup is expanding its operations into Senegal after conducting pilots in Nigeria.
Why crypto company Bitmama acquired fintech startup Payday
Bitmama would gain access to Payday's customer base through this deal, bringing the crypto company one step closer to its objective of promoting crypto-based remittances in Africa.
Central Bank of Nigeria to tackle inflation by mopping up excess liquidity in banking system
Cardoso said that the previous CBN administration deployed unorthodox policies, resulting in an uptick in inflation.
Nigeria secures $1 billion concessionary loan from African Development Bank
The Federal Executive Council also approved a total limit of 2 trillion naira for the Ministry of Finance to reduce the country's debt servicing.
How crypto provides people with a way out during conflicts
During wars and protests, cryptocurrency offers people an escape route. It provides a means of financial freedom and independence from traditional financial systems.