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Nigeria

Africa’s digital currency market grew by 1200% in the past year: Chainalysis
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20 September, 2021

Africa’s digital currency market grew by 1200% in the past year: Chainalysis

Africa has seen massive growth since June last year, with the need for cheap remittances, rise of P2P platforms, and...
Kenya leads in global P2P volume for second year in a row
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16 September, 2021

Kenya leads in global P2P volume for second year in a row

Kenya has ranked first in the world for P2P volume for the second year in a row and fifth for...
Digital currency-related attacks among top cyber threats in Africa: Kaspersky
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10 September, 2021

Digital currency-related attacks among top cyber threats in Africa: Kaspersky

Kaspersky found that investors in Rwanda and Ethiopia have the highest ratio of targeted attacks at over 3%, with Nigeria...
Nigeria’s SEC sets up division focused on digital currency investments
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9 September, 2021

Nigeria’s SEC sets up division focused on digital currency investments

The regulator intends to use the new fintech division to assess the feasibility of digital currency investments and decide on...
Nigeria’s central bank reveals CBDC guidelines and plans to launch digital wallet
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2 September, 2021

Nigeria’s central bank reveals CBDC guidelines and plans to launch digital wallet

The Central Bank of Nigeria plans to mint and issue the CBDC while commercial banks will be in charge of...
Nigeria freezes bank accounts for forex platforms, traps millions of dollars
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25 August, 2021

Nigeria freezes bank accounts for forex platforms, traps millions of dollars

The Central Bank of Nigeria has moved to court to freeze the bank accounts of forex trading platforms, claiming they...
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