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“# Nigeria’s SEC suspends planned crypto regulations amid central bank ban ” The Nigerian Securities and Exchange Commission has put its plans for regulating cryptocurrencies on hold following the recent ban by the central bank prohibiting financial institutions from servicing crypto exchanges. In an emailed statement quoted by the Daily Post on Friday, the SEC…
“# Bitcoin has made the Naira almost useless, says Nigerian Senator ” As previously reported by Cointelegraph, the Central Bank of Nigeria issued a circular banning banks from servicing crypto exchanges. Reacting to the news during the Thursday plenary session, Senator Sani Musa of the Niger East Senatorial District remarked: “Cryptocurrency has become a worldwide transaction…
“#Nigerian artist creates rotting exhibit as coronavirus warning” LAGOS – Nigerian artist Olufela Omokeko carefully arranges fresh peppers on wooden boards hanging in a bare room. Instead of providing spice in a meal, he wants them to encourage people to obey measures that will stop the spread of the coronavirus. His pieces, comprising of red,…
“# Central Bank of Nigeria bans banks from servicing crypto exchanges ” The Central Bank of Nigeria has placed a ban on all regulated financial institutions from providing services to crypto exchanges in the country. The prohibition was contained in a circular issued by the CBN on Friday. According to the central bank’s notice, the…
“#New virus variant appears to emerge in Nigeria” NAIROBI, Kenya — Another new variant of the coronavirus appears to have emerged in Nigeria, Africa’s top public health official said Thursday, but he added that further investigation was needed. The discovery could add to new alarm in the pandemic after similar variants were announced in Britain…
“# Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira ” Peer-to-peer (P2P) Bitcoin (BTC) volume in Nigeria continues to rise as Africa’s largest economy remains a bastion for crypto adoption. According to Quartz Africa, data from the Bitcoin P2P marketplace Paxful show the country ranks second only to the United States…
“#Hundreds of boys missing after attack on Nigerian school” Hundreds of boys at a Nigerian boarding school may be missing after an attack on the facility by gunmen, according to a report. Gunfire could be heard for about an hour during the terrifying Friday night incident, in which the motorbike-riding bandits descended on the Government…
“#Nigerian Christians fear a bloody holiday at hands of terrorists” Their names haunt me: Patience, Revelation and Rejoice. Patience was 13. Revelation was 6. Rejoice was 4. They are the names of three of the youngest victims of a Christian massacre unfolding in Africa. They weren’t the only young victims slain in the same attack…
“# Everyone’s talking crypto for solving Sub-Saharan Africa’s payments problems ” As global interest in stablecoins explodes, a number of key players are pushing especially hard for more adoption in Sub-Saharan Africa. On Thursday, the Center for Strategic and International Studies’ Africa Program published new analysis advocating more options for crypto users in Sub-Saharan Africa….
“# Nigeria is establishing 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 — a move that could accelerate adoption in Africa’s largest economy. Business Day, a Nigerian market intelligence publication, reported Tuesday that the Ministry of…