Nigerian legislators considering bill to recognize bitcoin and other cryptocurrencies
The bill, if passed, will define the role of various local regulators. But questions are being asked of why industry participants have not been consulted
Nigeria
Latest stories and analysis of blockchain and digital assets developments in Nigeria.
Bitcoin-powered remittances from Europe to African bank accounts are now possible
African cryptocurrency company Bitnob has partnered with European exchange CoinCorner to facilitate remittances over the Lightning Network.
Report: Nigeria plans to tax crypto transactions in 2023
Nigeria follows in Kenya’s footsteps to tax cryptocurrency transactions.
The Nigerian government is unwittingly driving crypto adoption
Nigeria's apex bank recently limited cash withdrawals in a display of excessive force. It leaves citizens at the mercy of banks to access their money.
BIS survey finds differing motivations in African CBDC adoption
More than half of the surveyed central banks said the ability to provide cash in a digital form was the leading consideration for exploring CBDC.
October 2022 inflation report: Consumer prices are rising at a slower pace in many African countries
Zimbabwe’s inflation has slowed for the second consecutive month as East African countries report double-digit rates.
September 2022 inflation report: Food prices have become Africa’s main inflation driver
At least 16 countries on the continent reported inflation rates higher than 10% in Sept. Zimbabwe's inflation rate slowed from 285% in Aug. to 280.4% in Sept.