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Nigeria

Nigeria eyes national Nigerium blockchain for data sovereignty
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15 July, 2024

Nigeria eyes national Nigerium blockchain for data sovereignty

A local university proposed Nigerium to NITDA, with some initial use cases including land registration, certificate verification and digital identity.
Nigeria demands VASPs have local offices, CEO
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9 July, 2024

Nigeria demands VASPs have local offices, CEO

Nigeria’s SEC has given VASPs 30 days to register, and among the requirements is for the CEO or managing director...
Africa can use blockchain, AI to curb illicit finance: Nigeria’s anti-graft chief
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5 July, 2024

Africa can use blockchain, AI to curb illicit finance: Nigeria’s anti-graft chief

The EFCC chair noted that Africa loses $89 billion annually to illicit finance and that AI, data analytics, and blockchain...
Nigeria cNGN stablecoin won’t launch in February after all
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9 January, 2024

Nigeria cNGN stablecoin won’t launch in February after all

The African Stablecoin Consortium has clarified that media reports of a February 27 launch are misinterpreted and are still in...
Nigerian banks to launch naira-pegged stablecoin cNGN in February
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8 January, 2024

Nigerian banks to launch naira-pegged stablecoin cNGN in February

The new stablecoin will be overseen by the Africa Stablecoin Consortium, which includes leading commercial banks, the central bank, and...
eNaira low adoption pushes Nigerian banks to develop stablecoin
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3 January, 2024

eNaira low adoption pushes Nigerian banks to develop stablecoin

The cNGN stablecoin will not be a substitute to eNaira, which recorded dismal adoption figures since its inception, but would...
Central Bank of Nigeria reverses ban on digital currency transactions
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2 January, 2024

Central Bank of Nigeria reverses ban on digital currency transactions

With the evolving trends globally, Nigeria has decided to loosen its grip on the digital asset class under its latest...