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

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Nigeria’s Crypto Experts Assert That CBDC Is Currently Not For The Unbanked

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Recently, the Central Bank of Nigeria (CBN) has been displaying the e-naira’s potential as a tool to develop the financial system primarily for the masses but experts have refuted this claim The statement from the experts coupled with the e-naira…

Don’t Sell Forex ! CBN Warns Microfinance Banks.

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The Central Bank of Nigeria (CBN) has cautioned microfinance banks in the country to stop engaging in foreign exchange transactions and other unauthorised dealings, the apex bank made this known over the weekend in a circular titled ‘Cessation of Non-Permissible…

Central Bank of Nigeria CBN, Freezes Operations of Local Fintechs.

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Accounts belonging to fintech platforms; Risevest, Bamboo, Chaka, and Trove have been frozen by the Federal High Court in Abuja on a lawsuit filed by CBN against them claiming that they are responsible for making Naira weaker to US dollars….

Fintech Nigeria; Analysis of CBN Latest Regulations on Mobile Money.

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The Central Bank of Nigeria has released new guidelines to further regulate the services provided by mobile money operators (MMOs) in Nigeria (“the new guidelines”). Since 2015, when the last regulatory changes were made using the old guidelines, mobile money…