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ABS-CBN Corporation ventures into blockchain and NFTs by collaborating with Theta Labs to release digital collectibles for hit shows.
The post ABS-CBN Partners with Theta Labs to Launch NFTs for Popular Shows appeared first on BitPinas.
The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and access to financial services. According to the central bank, some of the guidelines’ objectives include ensuring “consistency and security across the open banking system.” Customer Permissioned Data Sharing The Central Bank of [...]
The post Nigerian Central Bank Unveils Open Banking Guidelines appeared first on Crypto Breaking News.
According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetization of the 1,000, 500 and 100-naira banknotes. According to the court, Nigerian residents will continue to use the demonetized banknotes until the end of the year. Court Criticizes Outgoing Nigerian President [...]
The post Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes appeared first on Crypto Breaking News.
Price of Bitcoin on exchanges like Binance, which is currently at $23,183.27, trades at a premium of 61% in Nigeria.
Continue reading Bitcoin Soars Past $38k in Nigeria as BTC Premiums Exceed 60% at DailyCoin.
An amendment to the 2 Investment and Securities Act of 2007 will allow cryptocurrency use in Nigeria.
Nigeria, one of the most crypto-curious countries, will now officially permit cryptocurrency. Babangida Ibrahim, the House of Representatives Committee on Capital Markets and Institutions chairman, revealed that the committee would soon pass a bill allowing digital currencies in Nigeria, as reported by Punch on December 8th. The report claimed that the bill would enable the SEC to […]
The Central Bank of Nigeria governor, Godwin Emefiele, has said the newly designed naira banknotes are set to enhance the effectiveness of the organization’s monetary policy and bolster the financial inclusion cause. Forcing Currency Hoarders to Return to the Banking System According to the Nigerian central bank governor, Godwin Emefiele, the recently launched naira banknotes
The post New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor appeared first on BTC Ethereum Crypto Currency Blog.
Despite the Central Bank of Nigeria (CBN)’s Feb. 5, 2021 directive that instructed banks to block crypto entities from the financial system, the demand and use of cryptocurrencies have continued to grow. Not even the central bank’s subsequent crackdown on crypto entities it accused of defying the directive has succeeded in suffocating demand for cryptocurrencies.
The post ‘Cryptocurrencies Like Bitcoin Make Global Commerce Easy’ — Founder of Nigerian Crypto Exchange appeared first on BTC Ethereum Crypto Currency Blog.
The Central Bank of Nigeria (CBN) has announced the upgrade to its Central Bank Digital Currency (CBDC) dubbed the eNAIRA. (Read More)
Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation's fintech sector.
Nigerian public and law enforcement agencies have been urged to “stop the demonization” of the blockchain and cryptocurrency industry. According to an association that advocates for the risk-based regulation of the crypto industry, financial institutions should not use a Nigerian central bank directive as basis for denying service to industry players. Risk-Based Regulation of Crypto… More
The post Nigerian Agencies Told to Stop ‘Demonizing’ Crypto Industry Players appeared first on BTC Ethereum Crypto Currency Blog.
The central bank of Nigeria has ordered a directive to freeze the bank accounts associated with two individuals and a firm suspected of illegally engaging in crypto trading. (Read More)
Weeks after its postponement, President Muhammad Buhari will officially launch the Nigerian Central Bank Digital Currency, eNaira, at the State House, Abuja, today.
The post Crypto-loving Nigeria to launch eNaira stablecoin today appeared first on CryptoSlate.
BN is ready to launch eNaira despite its previous failure. CBN has released a document in which it repeats its
The post has appeared first on thenewscrypto.com
15 candidates have been chosen to continue vying for the role to help deploy Singapore's CBDC program (Read More)
CBN reveals $26 billion transacted through Binance Nigeria from unknown sources, raising concerns amid naira's decline and increasing regulatory actions. (Read More)
The Nigerian currency’s official exchange rate versus the greenback recently plunged to NGN634 per dollar from just under NGN470 per dollar. The central bank’s decision to allow the naira to “float” came a few weeks after Nigerian president Bola Ahmed Tinubu pledged to end the CBN’s multiple exchange rate regime. The Naira Devaluation The Nigerian
The post Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules appeared first on BTC Ethereum Crypto Currency Blog.
According to a report, the central banks of Ethiopia and Nigeria recently consummated a $100 million currency swap transaction. Under the arrangement, an Ethiopian airliner was paid local currency equivalent to $100 million while Dangote Cement is said to have received a similar amount of nairas. Ongoing U.S. Dollar Shortages The central bank of Ethiopia [...]
The post US Dollar Shortages: Ethiopia and Nigeria in $100 Million Currency Swap Transaction appeared first on Crypto Breaking News.
Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap arrangement is being held back by the size of the trade imbalance between Nigeria and China Easing Pressure on the Naira According to experts on [...]
The post Report: Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira appeared first on Crypto Breaking News.
The Nigerian central bank has said the recently demonetized ?200, ?500 and ?1,000 banknotes will remain legal tender until Dec. 31, 2023. The central bank statement, which reaffirms a Supreme Court ruling that extended the lifespan of the demonetized naira banknotes, followed a rebuke of the CBN by the outgoing Nigerian president, Muhammadu Buhari. Central [...]
The post After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender appeared first on Crypto Breaking News.
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