Nigeria Archives - Page 6 of 12 - Cryptotimes Africa

News

Fintech Africa | Chimoney, Powered by Web3, Acquires Scrim, a Nigerian Social Payments App

by Crypto Oracle November 25, 2023

Chimoney, a Canadian-based global payment solutions company with Techstars support, has acquired Scrim, a Nigerian social payment app aimed at the digital youth. According to Chimoney, Scrim, which was already using its infrastructure and API, will relaunch with new features in December…

News

FINTECH AFRICA | PayStack, the top Nigerian fintech, is reducing operations outside of Africa and putting more emphasis on local teams.

by Crypto Oracle November 17, 2023

33 employees at PayStack, the $200 million Nigerian fintech that Stripe purchased in 2020, are reportedly being let go throughout Europe and the United Arab Emirates (UAE). In a tweet, Paystack CEO Shola Akinlade acknowledged the layoffs, saying that 33 staff in…

News

LAUNCH | The Nigerian Government Establishes Code Clubs Throughout the Nation in Partnership with Raspberry Pi

by Crypto Oracle November 15, 2023

The Raspberry Pi Foundation, a UK-based nonprofit organization dedicated to computer education, and the federal government of Nigeria have partnered with the intention of establishing Code Clubs across the country. Students between the ages of 7 and 17 are the target audience…

News

Launched on the Peaq Blockchain Ecosystem, Nigerian Web3 Startup WiCrypt Unveils Decentralized WiFi HotSpots

by Crypto Oracle November 11, 2023

At the moment, WiCrypt's decentralized physical infrastructure network supports over 45,000 accounts, approximately 1,100 hotspots spread across more than 30 countries, and over 895TB of data delivery. The first WiFi hotspots on the decentralized physical infrastructure blockchain, Peaq, have been presented by…

Coins De-Fi

Can I Create My Own Cryptocurrency?

by Crypto Oracle November 3, 2023

Many existing blockchain platforms can help you to create your own cryptocurrency – as a community coin, a joke, an actual solution to a real-world problem, or for any other reason. You can easily issue your own coin or token via: Ethereum…

News

Pan-African P2P Crypto Startup, VIBRA, Shuts Down in Nigeria, Kenya and Ghana

by Terry Kunle October 25, 2023

VIBRA, the Pan-African P2P cryptocurrency platform co-founded by Vincent Li, has ceased its operations in all 3 of its markets: Nigeria Kenya Ghana VIBRA had secured $6 million in funding in 2021. Participants in the round included: Lateral Frontiers VC CRE Venture…

News

Patricia Crypto Exchange’s Office Location Controversy and Debt-to-Shares Conversion Strategy

by Terry Kunle October 20, 2023

A recent video claiming that Nigerian crypto exchange Patricia had abandoned its Lagos office address sparked significant chatter across social media platforms. However, Patricia's CEO, Hanu Fejiro, refuted the claims, stating that the company operates under a fully remote structure, with headquarters…

News

UNIZIK Blockchain Lab, Crypto Bootcamp Community to equip Anambra Youths with Emerging Technologies

by Terry Kunle October 18, 2023

As part of plans to get youths in Anambra State to fully explore the benefits that abound with the 21st Century’s emerging technologies, the UNIZIK Blockchain Lab and the Crypto Bootcamp Community, CBC is organizing the UNIZIK Blockchain Conference. The conference with…

News Women in Crypto

Yellow Card Partners with Web3Ladies to Empower 500+ Nigerian Women in Tech and Blockchain

by Terry Kunle October 17, 2023

Yellow Card, a Pan-African cryptocurrency exchange and fintech company, has teamed up with the Web3Ladies mentorship program to empower over 500 Nigerian women with vital tech and blockchain skills. This partnership, rooted in Yellow Card's Social Good initiative, aims to promote financial…

Industry News

eNaira doesn’t threaten financial stability: Nigeria’s central bank

by Crypto Oracle October 15, 2023

Nigeria’s central bank digital currency (CBDC), the eNaira, doesn’t pose a threat to the country’s financial stability, the central bank says. Two weeks ago, the Central Bank of Nigeria (CBN) published a report on the eNaira and its impact on financial stability, monetary…