As the local Naira fluctuates, users of the Binance P2P service claim that the government is meddling with the site, making it impossible for them to finish their trades.
On February 20, 2024, the value of the Naira plunged precipitously against the…
Nigeria's Naira was the third worst-performing currency in the world in 2023, according to a Bloomberg report.
The Naira's poor performance is shared by the Lebanese pound and the Argentine peso among the 151 currencies that Bloomberg monitors. Three days remained in…
The summit underscores the transformative power of crypto adoption in Nigeria and emphasizes the continent's position as an emerging force in the global crypto ecosystem. By embracing digital assets and decentralized finance (DeFi), individuals can achieve greater financial sovereignty, participate in the…
Last weekend, #SuperteamNGMixer brought together passionate members, enthusiastic users, and key players in the Web3 ecosystem at Maison Fahrenheit, Victoria Island. This exclusive event wasn't just about having fun, it was about building connections and powering the future of the community.
The…
Bitlink Exchange, a Singapore-founded crypto exchange trading platform, has expanded its operations into Africa focusing on Nigeria with clear intentions to spread into other African countries by 2024.
This bold move is predicated on its mission which is to deepen Web-3 adoption by leveraging cryptocurrency innovation and blockchain solutions starting with the Nigerian ecosystem.
According to the…
Amid Nigeria’s crypto regulations, concerns arise over SEC’s stringent terms, potentially reshaping the landscape for local exchanges.Read more on DailyCoin: https://dailycoin.com/nigerian-sec-cranks-up-heat-local-crypto-exchanges/
The Nigerian crypto market has been facing potential upheaval due to stringent SEC licensing. High minimum capital requirements have threatened the…
Nigerian tech and innovation legal expert Chinedu Albert said eNaira adoption will only happen when the government gains the trust of Nigerians and the naira attains a more trusted status.
The Central Bank of Nigeria’s 2021 ban on regulated financial institutions from…
In 2023, Nigeria embraced AI with initiatives like a national curriculum, strategy and scholarships. Here are the most significant innovations and crypto-related progress.
There is no debating that 2023 was the year of artificial intelligence, with AI on everyone’s radar, including Africa’s…
Following the Central Bank of Nigeria's circular, a consortium of Nigerian banks, fintechs, and blockchain companies are developing a Naira stablecoin, cNGN, with sources close to the project stating a planned launch in 2024.
Naira Stablecoins
The concept of a Naira stablecoin has…
"We received a $150,000 grant from Microsoft. This grant will go a long way in expanding collaboration and improving productivity around our #DePIN development chain," the company said on its X channel.
WiCrypt Network, the decentralized mobile internet sharing and monetization network out…