Bitcoin, Cryptocurrency News in Nigeria And Africa

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Mastercard Launches Testing Platform for Central Bank Digital Currencies.

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Mastercard has launched a central bank digital currency testing platform for Central Banks to enable them conduct pilot tests for Central Bank Digital Currencies.

How Crypto Savings Account Interest Beats the New CBN Policy on Bank Savings Account Interest.

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Crypto Savings Account yields more interest now compared with Banking Savings Account interest.

CBN Releases Draft Framework for Regulatory Sandbox Operations on Emerging Technologies in the Payments Space.

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CBN has released a new Draft Framework for Regulatory Sandbox Operations focused on emerging technologies in the payments space.

Bitcoin Stands Out as the Best Investment Against Nigeria Naira Over 50 Years Ago.

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Bitcoin still stands out as the best investment of all time against the Nigerian Naira for over 50 years ago. The outstanding performance of the world’s biggest cryptocurrency over the years sets it apart from other world’s fiat currencies including Nigeria Naira.

CBN Debunks the Rumors of N2000 and N5000 Naira Banknotes Making Rounds Online.

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CBN debunks the rumors making rounds online on the existence of N2000 and N5000 Naira Banknotes.

Why Nigeria Banks Should Collaborate With Fintech Including Blockchain Powered Fintech to Revive the Economy. 

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PwC List Ways for Banks to Collaborate With Fintechs Including Blockchain Powered Fintech to Revive Nigeria Economy. 

Nigerian Naira Gains Against US Dollar After CBN Resumed Dollar Sales.

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The Nigeria Naira has gained against the US Dollars following CBN’s resumption on US Dollar Sales

IMF Persuades Nigeria to Speed Up Naira Exchange Rate Unification.

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The International Monetary Fund (IMF), on Tuesday, April 28, 2020, approved the sum of $3.4 billion, as emergency financial support for Nigeria, as a result of the adverse effects of COVID-19. 

Banking Crisis: Nigeria Banks Looking to Increase Earnings From Fintech Following the Increase in Debt Owed by Independent Oil Producing Firms.

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Nigeria Banks is looking to increase earnings following the pressure on banks’ earning due to the unpaid loans owed by independent oil producing firms.

Federal Government of Nigeria Begins Disbursement of Stimulus Package Using Banks, But Crypto not Welcome.

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Following the plans by the government to distribute stimulus package to support businesses, the sharing of the first tranche of the Central Bank of Nigeria N50bn targeted credit facility have started.