The country’s facing a crippling foreign exchange crisis and looking for ways to limit capital outflows, including via crypto.
Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts
Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.
Nigeria Lifting Ban on Bank Accounts for Crypto Firms Could Lead to Usage ‘Surge’
Pan-African exchange Yellow Card has said it will seek licensing in the country.
Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals
The price of one Bitcoin (BTC) in Nigeria can cost upwards of $38,000.
Nigeria set to pass bill recognizing Bitcoin and cryptocurrencies
The slated law comes as Nigeria’s eNaira has only managed to obtain a 0.5% adoption rate 12 months after its launch in Oct. 2021.
Nigeria’s SEC Puts Plans to Regulate Crypto on Hold in Light of Central Bank Ban
Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold.
Nigeria’s Senate Summons Central Bank Chief to Explain Crypto Ban
The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.
Bitcoin ‘Can’t Be Stopped’: Nigerians Look to P2P Exchanges After Crypto Ban
Some Nigerians plan to continue using bitcoin (BTC) and other cryptocurrencies despite a directive issued by the Central Bank of Nigeria (CBN) last week ordering banks to close down accounts associated with cryptocurrencies.
State of Crypto: India and Nigeria’s Crypto Crackdowns Continue Old Trends
Both nations hope to prevent banks from providing services to crypto companies.
State of Crypto: India and Nigeria’s Crypto Crackdowns Continue Old Trends
Both nations hope to prevent banks from providing services to crypto companies.
Nigerian Central Bank Says Its Ban on Crypto Accounts Is Nothing New
The Central Bank of Nigeria said its warning to banks on Friday was not a new position, but a reiteration of its 2017 stance on cryptocurrencies.
Binance Suspends Deposits in Nigeria Following Central Bank Directive
Nigeria’s central bank told financial institutions they couldn’t provide crypto companies or users with services on Friday.