Nigeria

Coinbase Denies Reports of Nigerian Crypto Ban
Coinbase Denies Reports of Nigerian Crypto Ban
February 25, 2024  |  Cryptocurrency

Cryptocurrency platform Coinbase is denying reports that it is being blocked in Nigeria. Last week saw a report by the Financial Times (FT) that the Nigerian government...

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Report: FairMoney Looking to Acquire Umba, Expand in Kenya
Report: FairMoney Looking to Acquire Umba, Expand in Kenya
February 20, 2024  |  Digital Banking

FairMoney, a digital bank based in Lagos and headquartered in Paris, is reportedly in talks to acquire Umba, a digital bank operating in Nigeria and...

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Zilla Pauses BNPL Services, Focuses on International B2B Payments
Zilla Pauses BNPL Services, Focuses on International B2B Payments
January 23, 2024  |  BNPL

Zilla has paused its buy now, pay later (BNPL) services in Nigeria and shifted its focus to a new international B2B payment product called Zillawire....

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Central Bank of Nigeria Lifts Ban on Transacting in Crypto
Central Bank of Nigeria Lifts Ban on Transacting in Crypto
December 27, 2023  |  Cryptocurrency

The Central Bank of Nigeria (CBN) has lifted a ban on transacting in cryptocurrencies. At the same time, the bank said there is a need to...

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Liquidity Management Key to Taming FX Volatility in Emerging Markets
Liquidity Management Key to Taming FX Volatility in Emerging Markets
November 20, 2023  |  Cross-border Payments

Compared to the global standard of five to six hubs, moving money between Nigeria and China or Singapore can require navigating through up to 16...

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Nigeria to Amend eNaira Model to Promote CBDC Use
Nigeria to Amend eNaira Model to Promote CBDC Use
July 26, 2023  |  CBDC

Nigeria’s central bank wants more citizens to use its digital currency. To that end, the bank’s acting governor, Folashodun Adebisi Shonubi, tweeted Wednesday (July 26) that the Central...

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Flutterwave Launches Tuition to Pay School Fees in Local Currencies
Flutterwave Launches Tuition to Pay School Fees in Local Currencies
July 11, 2023  |  Payment Methods

Flutterwave has launched a product to help African students pay school fees when studying abroad and at home. The new payment product, Tuition, will enable African users...

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How Digital Innovation Is Unifying Africa’s Fragmented Payments Landscape
How Digital Innovation Is Unifying Africa’s Fragmented Payments Landscape
July 06, 2023  |  Digital Payments

In 2019, Meta CEO Mark Zuckerberg said it was time to simplify money movement and make sending money to someone as easy as sending a...

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Regulator: Binance Nigeria Operations in Country Are Illegal
Regulator: Binance Nigeria Operations in Country Are Illegal
June 11, 2023  |  Cryptocurrency

Nigeria’s securities regulator says a company called Binance Nigeria Limited is operating illegally in the country. Binance, the world’s largest cryptocurrency exchange, tells PYMNTS this...

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