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Nigeria

IMF urges Nigeria to regulate digital asset exchanges
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16 May, 2024

IMF urges Nigeria to regulate digital asset exchanges

The International Monetary Fund has recommended that Nigeria impose registration or licensing requirements on global digital asset trading platforms, following...
China’s CBDC recipients sell it quickly; Nigeria plots ways to boost eNaira use
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14 May, 2024

China’s CBDC recipients sell it quickly; Nigeria plots ways to boost eNaira use

Chinese authorities insist that monitoring is only a concern with large transactions, as the digital yuan can be used for...
P2P digital currency ban looming in Nigeria as central bank halts fintech account opening
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8 May, 2024

P2P digital currency ban looming in Nigeria as central bank halts fintech account opening

Four leading fintech apps were directed to halt onboarding recently, and with the National Security Agency classifying digital currency as...
Nigeria’s blockchain industry banks on new digital currency friendly SEC chief
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1 May, 2024

Nigeria’s blockchain industry banks on new digital currency friendly SEC chief

President Bola Tinubu appointed former capital markets tsar Emomotimi Agama as the SEC head at a time when the Nigerian...
Nigeria’s central bank denies directive to freeze digital asset bank accounts
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27 April, 2024

Nigeria’s central bank denies directive to freeze digital asset bank accounts

After news outlets reported on the directive supposedly issued to multiple banks, the Central Bank of Nigeria denied it amid...
Nigeria launches first multilingual LLM trained in local languages
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26 April, 2024

Nigeria launches first multilingual LLM trained in local languages

The new large language model will be trained in five low-resource languages and accented English to reflect Nigerians' diversity and...
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