Nigeria Archives - Page 10 of 11

News

Nigeria Launches National Blockchain policy

by Terry Kunle May 17, 2023

The Minister of Digital Economy has officially launched the National Blockchain Policy for Nigeria and inaugurated the National Blockchain Implementation and Steering Committee. The policy will transform the blockchain landscape in Nigeria and usher in a new era of development and prosperity…

Industry

CyberChain others for digital economy conference

by Terry Kunle May 16, 2023

CyberChain, a blockchain tech company has hinted of plans to host the 2023 Port Harcourt edition of its Web3 & Digital Economy Conference, scheduled for May 20th, at the Atrium, 28, Stadium Road, Rumuomasi, Port Harcourt, Rivers State. The conference presents an…

News

NODO News & Discovery Platform and Grants unveiled at Web3 CONNECT Africa Conference in Lagos

by Terry Kunle May 2, 2023

On Tuesday, April 25th, 2023, the Connecting Africa Web3 Communities conference took place at the Civic Center on Ozumba Mbadiwe Street in Victoria Island, Lagos, Nigeria. The event aimed to feature the NODO News and Discovery platform and honor the Bitokun team…

News

Nigeria SEC prepares new digital asset rules

by Terry Kunle May 2, 2023

The Nigerian Securities and Exchange Commission (SEC) has announced plans to regulate digital assets, but not cryptocurrencies. According to a statement released on May 1, the SEC said that its regulatory focus will be on tokens that qualify as securities. The commission…

News

Lazerpay, a cryptocurrency startup based in Nigeria, has ceased its operations

by Terry Kunle April 14, 2023

Lazerpay, a web3 and crypto payment company, is shutting down. The shutdown comes months after the startup’s founder, Njoku Emmanuel, shared that the company was having trouble raising money. According to a statement shared by the founder Njoku Emmanuel on Twitter, the…

News

Hyperspace Technologies Unveils Keymaster VAULT for African Market

by Terry Kunle April 1, 2023

Hyperspace Technologiesa Lagos-based Web3 startup specialising in next-level smart security infrastructure and key management systems, has announced the launch of its product, the Keymaster VAULT. Designed to cater to the African market, Keymaster VAULT is a secure, NFC-based hardware wallet that stores private…

Industry

How Mobile Wallet, Crypto, and CBDCs Challenge Cash Dominance in Nigeria and Beyond

by Terry Kunle April 1, 2023

A recent report by Cellulant on the payment system in Africa has identified three major trends that are challenging the dominance of cash in business transactions. These trends include the adoption of cryptocurrencies, the introduction of central bank digital currencies (CBDCs), and…

News

MetaMask Brings Direct Crypto Purchases To Nigeria

by Terry Kunle March 31, 2023

In the last ten years, there has been a remarkable increase in the acceptance of cryptocurrencies worldwide. A growing number of individuals and institutions are embracing the use of cryptocurrencies. This adoption trend has been fueled by the implementation of more streamlined…

News

Central Bank of Nigeria reverses decision to centralize Open Banking efforts with NIBSS following industry feedback.

by Terry Kunle March 29, 2023

The central bank of Nigeria has reversed its decision to centralize its Open Banking efforts with NIBSS, the national payment settlement mechanism. The decision was reversed after intense consultations with industry players. The central bank has aligned with the "Open" aggregation…

Industry

CBN Releases Names of 10 Digital Banks Licensed to Operate as MFBs, Issue POS Services

by Terry Kunle March 24, 2023

Digital banking is becoming increasingly popular in Nigeria as operators harness the best technological tools to address the transaction challenges faced by Nigerians. In addition, digital payment platforms have been authorized by the Central Bank of Nigeria to provide microfinance banking and…