Nigeria Archives

FATF adds Nigeria, South Africa to dirty money grey list

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2 March, 2023

FATF adds Nigeria, South Africa to dirty money grey list

FATF says Africa’s two largest economies must do better to fight money laundering, with both countries decrying the listing as...

Nigeria’s central bank on hunt for new tech partners in bid to fix ‘broken’ CBDC

Business

Wahid Pessarlay

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24 February, 2023

Nigeria’s central bank on hunt for new tech partners in bid to fix ‘broken’ CBDC

To salvage its ailing central bank digital currency project, the Central Bank of Nigeria seeks new partnerships to help innovate...

Nigeria’s economy grinding to a halt due to cash shortage—is time for Bitcoin?

Business

Steve Kaaru

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8 February, 2023

Nigeria’s economy grinding to a halt due to cash shortage—is time for Bitcoin?

Nigeria is replacing its paper money with redesigned currency notes, and with people queueing for hours just to get $43,...

Nigeria’s central bank launches fintech regulatory sandbox

Business

Steve Kaaru

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2 February, 2023

Nigeria’s central bank launches fintech regulatory sandbox

The Central Bank of Nigeria has called on innovators in the fintech space to apply with the recently launched regulatory...

Nigeria to explore ICOs and stablecoins to broaden payments landscape

Business

Steve Kaaru

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18 January, 2023

Nigeria to explore ICOs and stablecoins to broaden payments landscape

Nigeria published a new policy document, pledging to rethink its ICO stance to attract FDI as well as a blockchain-based...

Digital asset adoption, CBDC efforts, new laws and more: Africa’s 2022 in review

Business

Steve Kaaru

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4 January, 2023

Digital asset adoption, CBDC efforts, new laws and more: Africa’s 2022 in review

Morocco lifted the ban on digital assets, Kenya is now taxing Bitcoin, Nigeria drafted its first law recognizing Bitcoin, Zambia...

Nigeria to legalize digital assets with new bill

Business

Steve Kaaru

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24 December, 2022

Nigeria to legalize digital assets with new bill

The bill recognizes digital assets and gives the apex bank and SEC jurisdiction over the sector, months after CBN banned...

Africa ready to use blockchain to leapfrog other regions: NITDA’s Kashifu Inuwa on CoinGeek Backstage

Interviews

Steve Kaaru

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7 December, 2022

Africa ready to use blockchain to leapfrog other regions: NITDA’s Kashifu Inuwa on CoinGeek Backstage

Africa has lagged behind other regions in the development of legacy systems, but with its rapid blockchain adoption, it can...

We support digital assets, not ‘crypto,’ Nigeria’s SEC says

Business

Steve Kaaru

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5 December, 2022

We support digital assets, not ‘crypto,’ Nigeria’s SEC says

The securities regulator says it will not include ‘crypto’ in its regulatory framework until it’s better regulated, despite Nigeria being...

Africa must regulate the digital asset industry, IMF says

Business

Steve Kaaru

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1 December, 2022

Africa must regulate the digital asset industry, IMF says

IMF says Africa stands at great risk if it fails to rein in its Bitcoin industry—the fastest growing globally—especially for...

BIS: African central banks pushing for CBDCs, but their motivation differs from other regions

Business

Steve Kaaru

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30 November, 2022

BIS: African central banks pushing for CBDCs, but their motivation differs from other regions

Bank for International Settlements found that payment system efficiency is the key motivator, but unlike other regions, African central banks...

Ahmed Yousif at Digital Nigeria: It’s time to build our own

Business

Steve Kaaru

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4 November, 2022

Ahmed Yousif at Digital Nigeria: It’s time to build our own

In his presentation, Ahmed Yousif talked about the role of blockchain in government and smart cities, calling on young Nigerians...

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