DiutoCoinNews

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

# Nigeria

Central Bank of Nigeria Places 7,552 On Watchlist For Fraud.

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The Central Bank of Nigeria (CBN) has placed 7,552 Bank Verification Numbers (BVN) on its watchlist for fraudulent transactions, even as the Central Bank Digital Currency (CBDC) known as eNaira, has recorded 1.4 million transactions to date, translating to 100…

Nigeria Sets Up 14-man National Council to Implement the 2022 Startup Act for Fintech, Crypto and Others.

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The Nigerian president has inaugurated a 14-member National Council for Digital Innovation and Entrepreneurship with the mandate to guide the implementation of the Nigeria Startup Act (NSA) 2022 for crypto, Fintech and other digital enterprises. Speaking on Wednesday at the…

Nigeria Crypto Based Fintech Shuts Down Operations.

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Nigerian crypto-based fintech, Lazerpay  and Web3 startup announced on April 13 that it will cease operations. Co-founder and CEO Njoku Emmanuel said the decision to cease operations was made after Lazerpay failed to successfully close a funding round. The CEO…

“Arrest Sabinus Now” Aggrieved Nigerians Write EFCC Over Ponzi Scheme Scam As National Assembly Passes Bill To Jail Ponzi Scheme Promoters.

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Aggrieved Nigerians have sent a petition to the anti-graft agency, Economic and Financial Crimes Commission, to arrest popular skit maker Emmanuel Chukwuemeka Ejekwu fondly known as Oga Sabinus for promoting a Ponzi scheme company which is claimed to have defrauded…

Introduction to Ninja Game Guild

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Game Guilds have been around for a very long time. Traditionally, they are communities of gamers who play video games together and have their own culture and members. Popular traditional gamers usually play mission games and Esports.  They are famous…

HRF Bitcoin Development Funds Shares $325,000 Grants To Africa Organizations, Others.

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The Human Rights Foundation’s Bitcoin Development Fund has announced a new set of grants of $325,000 to go out across the globe to support builders in the industry.  According to the announcement sent to Bitcoin Magazine, “Areas of focus include…

Internet Hackers Attack Nigerian Bank, Steal N523 Million.

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Suspected internet fraudsters hacked into the server of an old generation bank and stole a whopping sum of N523,337,100,00 from a customer’s account.  The Public Relations Officer (PPRO) of the Police Special Fraud Unit (PSFU) Ikoyi, Lagos, SP Eyitayo Johnson,…

Snapshot on Africa Economic Performance By The Beginning of Q4 2022; So Far .

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Nigeria As of the first quarter of 2022, Nigeria’s public debt rose to N41.6 trillion from N39.56 trillion recorded at the end of December 2021, putting enormous pressure on debt servicing. According to the International Trade Center, between 2020 and…

Peter Obi Calls For End Of CBN Fixed Exchange Rate Regime, Promise To Boost Fintech Start-ups.

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Popular Nigerian presidential election candidate of the country’s labour party, Peter Obi, said that the local currency’s exchange rate against the dollar must not be fixed but must be determined “by the forces of demand and supply.” Pointing to the…

Nigeria Crypto Owners Make Up 27% Of Internet Users In The Country.

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Latest report from web research organization, Finder.com shows that 27% of Nigerian internet users own cryptocurrencies. According to the report, Men are much more likely to own crypto with 59 per cent of crypto holders being men and 41 per…