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Tag Archives: Nigeria

Central Bank of Nigeria is OK With Crypto: We Are Not Discouraging People From Trading

The Central Bank of Nigeria apparently has no problem at all if the country becomes a so-called Bitcoin Nation and recently clarified that rumors of a general crypto ban were nothing more than a misunderstanding.According to a report published by the local newspaper Today Ng, the central Bank did nothing but to draw a line between crypto related banking activities and the use of cryptocurrencies by the population.In other words, in Nigeria traders have total freedom to transact with crypto as...

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Vice President of Nigeria Tips Cryptocurrencies To Challenge Traditional Banking

The Nigerian cryptocurrency community was shaken to its core when the country’s apex bank released a circular warning financial institutions to desist from enabling cryptocurrency transactions. The Central Bank made arguments to justify the decision, with several notable figures weighing in on the subject.Nigeria’s Vice President, Prof. Yemi Osinbajo is the latest to share his view on the ban. In his keynote address at the CBN Bankers’ Committee Economic Summit, Osinbajo tipped digital assets...

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Move Over, USA; Nigeria Is Becoming the Biggest BTC Haven

No doubt that the United States is a leading territory when it comes to the cryptocurrency revolution. The region boasts some of the biggest cryptocurrency exchanges in the world like Kraken and Coinbase, and the good old USA has done wonders when it comes to attracting new traders to the digital currency space, but it looks like the nation may soon lose its position due to growing activity in Nigeria.Nigeria Is a Major Bitcoin HubBitcoin has really experienced a surge in popularity within...

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Bitcoin Is the Face of Change in Nigeria

Bitcoin is gaining serious strength in other countries. The asset is not just a speculative currency, but a tool to potentially fund change and empower those who do not have access to traditional funding services, as people have seen in areas like Nigeria.Nigeria Is Getting a Taste of What Bitcoin Can DoThe country is home to the #EndSARS movement, which is aimed at preventing police brutality. As the movement got larger over the years, it became clear that simply talking about it on Twitter...

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$15,000 Bitcoin Ransom Rescues Nigerian Chieftain’s Kidnapped Daughter

The daughter of a Nigerian politician has been released after her father paid the kidnappers a $15,000 bitcoin ransom. On Saturday, Ai’sha Ardo, the daughter of Umar Ardo, a chieftain of the major Nigerian political party the People’s Democratic Party, endured a harrowing kidnapping in the country’s capital city of Abuja. The chieftain was contacted by one of the kidnappers the next day. The assailant told the politician that his daughter would be returned safely, but only if he paid the...

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