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Nigeria

Fintech startups in Nigeria lose access to gov’t KYC/AML verification tool
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13 April, 2021

Fintech startups in Nigeria lose access to gov’t KYC/AML verification tool

Nigerian fintech startups, including those in the digital currency sector, have been relying on the bank verification number (BVN) as...
Nigeria’s central bank didn’t ban digital currencies, official clarifies
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24 March, 2021

Nigeria’s central bank didn’t ban digital currencies, official clarifies

The central bank’s directive only applied to banks, prohibiting them from processing transactions related to digital currencies, an official said.
Nigeria rewarding users of mainstream remittance channels to combat digital currency use
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13 March, 2021

Nigeria rewarding users of mainstream remittance channels to combat digital currency use

The Central Bank of Nigeria announced its “Naira 4 Dollar Scheme” recently, targeting diaspora remittances.
Exclusive: Nigeria’s digital currency community speaks out on central bank ban
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9 March, 2021

Exclusive: Nigeria’s digital currency community speaks out on central bank ban

Despite thriving for years now, Nigeria’s digital currency industry faces its biggest threat yet following a central bank ban that...
Nigeria VP calls for regulation, not ban of digital currencies
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3 March, 2021

Nigeria VP calls for regulation, not ban of digital currencies

Speaking at a recent event, Yemi Osinbajo rebuked the recent ban on digital currencies, advocating for Nigerian authorities to regulate...
Nigeria central bank governor defends digital currency ban
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1 March, 2021

Nigeria central bank governor defends digital currency ban

The Central Bank of Nigeria believes the recent ban on digital currencies was in the best interest of the public,...
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