A new report by Duplo, a prominent business payment platform for African businesses, reveals that Nigeria is trailing South Africa and Kenya in the development of key Business-to-Business (B2B) payment processes across the African continent. The "Exploring the State of B2B Payments…
The Security and Exchange Commission (SEC) of Nigeria has once again cautioned Nigerians against engaging in investments with the popular cryptocurrency exchange, Binance. In a recent statement released on Friday night, the SEC reiterated its earlier circular dated 9th June 2023, highlighting…
The eNaira’s Near Field Communication (NFC) technology is integrated by the Central Bank of Nigeria.
The Central Bank of Nigeria (CBN) has unveiled new features for the eNaira, its central bank digital currency (CBDC), with the goal of boosting the digital currency's service offerings and fostering public acceptance of its use.
The eNaira has been updated to…
South Africa which ranked a distant second had an 8.36% interest in cryptocurrencies
Nigeria accounted for “the highest level of crypto interest” in Africa, with a share of 66.8%. This is according to the most recent Coingecko Africa crypto report, The West…
A recent research report released by CoinGecko, a price tracking firm, reveals that Nigeria has displayed a higher level of interest in crypto assets like Bitcoin and Ethereum compared to any other country in Africa.
Year-to-date data breakdown demonstrates that Nigeria accounts…
Binance has taken formal action by issuing a cease and desist notice to the deceptive organization operating under the name Binance Nigeria Limited, CEO, Changpeng Zhao (CZ), has said.
Binance have issued cease & desist notice to the scammer entity "Binance Nigeria…
Scammers spun up at least 7,905 blockchain wallets in May to collect crypto they steal from ordinary users, according to a blockchain security company Forta Network.
Forta, which has recently launched its own token, operates a network of bots that detect various kinds…
Nigeria has shown more interest in crypto assets like Bitcoin and Ethereum than any other country in Africa, according to a research report just released by price tracking firm CoinGecko.
A Year-to-date, data breakdown shows that Africa’s most populous country accounts for…
Food inflation in Nigeria increased by 1.13% year over year to 24.19%, with important products including beef, tomato, and rice seeing the biggest increases.
The National Bureau of Statistics recently produced a report titled "Selected Food Price Watch" for May 2023, which…
The Central Bank Digital Currency (CBDC) of Nigeria has had relatively little traction more than a year after its introduction, which has disappointed the International Monetary Fund (IMF).
The wallet downloads initially had some success, reaching 500,000 units in the first 25…