Nigeria is reportedly stepping up its cryptocurrency crackdown with a proposed ban on peer-to-peer trading. The ban would affect P2P trading in the country’s naira, Bloomberg reported...
Nigeria’s switchover to new paper currency has grown more chaotic. ATMs in Africa’s largest economy have run out of new notes, Bloomberg News reported Saturday...
Nigeria is having a tough time switching over to some new paper currency. The Financial Times (FT) reported Friday (Feb. 3) that a shortage of the new...
The Central Bank of Nigeria (CBN) is taking a tough stance on the cash economy. On Monday (Jan. 9), new limits on ATM withdrawals come...
Nigeria will ban cash withdrawals from government accounts from March 1. Modibbo Tukur, the chief executive of the Nigerian Financial Intelligence Unit (NFIU) said the...
In a boost for Nigeria’s digital economy, Amazon Web Services (AWS), a subsidiary of Amazon, recently announced the opening of a new office in Lagos,...
Despite the drive for digital payments in Nigeria, cash is still king, with circulation hitting record numbers in October against a backdrop of officials pushing...
The Nigerian Law Reform Commission (NLRC) is considering amendments to its foreign currency exchange laws in an attempt to stave off the worsening economic crisis in...