March 10, 2021

Nigeria Is Now Rewarding Citizens for Using Licensed Money Senders, Not Crypto

In a letter dated March 5 and signed by Associate Director A.S. Jibrin, the CBN stated that it launched the “Naira 4 Dollar Scheme” for remittances […]
February 8, 2021

Nigerian Central Bank Says Its Ban on Crypto Accounts Is Nothing New

 In Sunday’s statement, the CBN stated that Friday’s letter was only a reminder that cryptocurrencies were not legal tender in Nigeria, and was reiterating a position […]
November 25, 2020

Nigeria establishes a framework for widescale crypto adoption

Nigeria’s Finance Ministry is reportedly in talks with the country’s securities regulator to develop a new framework for blockchain and cryptocurrencies. According to cointelegraph, Business Day, […]