DiutoCoinNews

Bitcoin News Nigeria, Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

banks

Nigeria Invites Shareholders, Depositors Of Failed Banks To Come And Receive Their Claims.

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The Nigeria Deposit Insurance Corporation (NDIC) has urged shareholders, creditors and depositors of the 20 failed banks to come for verifications and payment of their liquidation dividend. NDIC, in its determination to secure depositors’ funds, had declared 100 percent liquidation…

Nigeria Central Bank Proposes 25 Billion Naira Capital Base For Deposit-Taking Fintechs.

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Central Bank Nigeria governor, Godwin Emefiele has proposed a 25 Billion naira capital base for deposit taking Fintechs, stating that such fintechs, “should come forward and become a bank – bring N25 billion and be a bank.” Twenty five billion…

Reserve Bank of Zimbabwe Develops a Roadmap for the Adoption of CBDC

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The governor of the Zimbabwean central bank, John Mangudya, recently said that the country’s apex bank “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.”  Following the public notice about the Reserve Bank of Zimbabwe…

Virtual Dollar Cards that Work in Nigeria: Pay Bills Online and Buy Bitcoin With Dollar Virtual Card

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Following the flutterwave Barter’s virtual dollar card suspension, many individuals are currently looking for alternative virtual dollar card that works in Nigeria. Moreover, Nigerian banks have set a maximum limit of $20 per spend for each month on bank cards….

Nigeria’s Central Bank Places $2 Million Fines On 3 Nigerian Banks Over Crypto Trading.

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The Central Bank of Nigeria has fined three Nigerian commercial banks a total of N800 million for failing to comply with regulations prohibiting banks from transacting in crypto currencies, affected banks are Stanbic IBTC Bank, Access Bank Plc, and United…

CBN To Stop Sale of Forex To Banks.

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The Central Bank of Nigeria has announced plans to end the sale of Forex to commercial banks by the end of the year. “The era is coming to an end when, because your customers need 100million dollars in foreign exchange…

NEWS

There Is No Law Against Crypto In Nigeria: Court Rules. Unfreezes CBN Blocked Accounts Over Crypto Trading.

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CBN Circular is Not Law. A Federal High Court sitting in Abuja has vacated an interim order through which the Central Bank of Nigeria (CBN) froze the bank accounts in two banks of a firm that traded in cryptocurrency according…

Will Nigerian Banks Survive eNaira ?

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The much anticipated unveil­ing of digital currency by the Central Bank of  Nigeria (CBN), also known as e-naira, according to analysts, is a major step in digital banking that will benefit consumers but not good for the banks. ­In this…


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