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

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Nigeria Bitcoin P2P Transaction Volumes Drops As F2F Model Emerges

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The P2P crypto transaction platform in Nigeria has witnessed huge decline following the Central Bank of Nigeria unending clampdown leading to the emergency of a new transaction model called F2F (Face To Face) peculiar to the Nigeria cryptocurrency ecosystem. According…

CBN Agents May Be Trading on Popular P2P Platforms To Trap Crypto Traders, Sources Allege.

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As CBN clamp down on cryptocurrency traders intensifies, feelers emerging from the apex bank has alleged that the bank plants spurious P2P agents on popular crypto trading apps to trap unsuspecting users. The modus operandi of this CBN agent the…

Crypto Ban: FCMB To Profile Customers Age : 18-30 As Suspects.

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First City Monument Bank has issued an alert order on accounts held by it’s customers between the ages of 18-30, mandating staff to watch out and flag such account if suspected of engaging in large volume transactions. An internal email…

The Use Of Peer-2-Peer For Crypto Transactions In Nigeria

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While the government ban has prevented all financial institutions and banks from facilitating any crypto transaction and also commanded that they shut down any account that involves in this kind of trade, crypto traders have found a way around this…