Nigeria | ForkLog

ForkLog 4 16.05.2022

Nigeria’s SEC classifies cryptocurrencies as securities

The Nigerian Securities and Exchange Commission published new rules regulating cryptocurrencies, classifying them as securities.

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ForkLog 8 23.02.2022

IMF warns of money-laundering risks in Nigeria’s digital naira

Nigeria's digital naira could pose money-laundering and terrorist-financing risks. This is stated in an IMF briefing document.

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ForkLog 6 31.01.2022

Binance CEO explains blocking of Nigerian user accounts

Binance, the cryptocurrency exchange, blocked 281 Nigerian traders' accounts to prevent money laundering and to safeguard platform security, according to CEO Changpeng Zhao.

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ForkLog 5 10.12.2021

Nigeria urged to clarify cryptocurrency regulation

Uncertainty in cryptocurrency regulation risks depriving the government and citizens of the opportunity to maximise the technology's potential. This was stated by Nigeria's Minister of National Planning and Budget, Clem Agba, Bloomberg reports.

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ForkLog 9 08.11.2021

Nigerian central bank orders closure of crypto-linked accounts

The Central Bank of Nigeria (CBN) has ordered the country's commercial financial institutions to close the accounts of two individuals and a company allegedly linked to cryptocurrency trading. The report comes from Peoples Gazette citing the regulator's circular.

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ForkLog 9 25.10.2021

Nigerian president announces launch of CBDC

On Monday, October 25, Nigeria's President Muhammadu Buhari announced the launch of the national digital currency (CBDC). The project was developed with fintech company Bitt.

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ForkLog 12 03.09.2021

Nigeria’s financial regulator to regulate cryptocurrencies

The Nigerian Securities and Exchange Commission (SEC) has created a dedicated division focused on researching digital assets and developing a regulatory framework for their oversight. Reuters reports.

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ForkLog 9 30.08.2021

Nigeria’s central bank issues draft guidelines for CBDC rollout

The Central Bank of Nigeria unveiled a draft of guiding principles for the planned national digital currency (CBDC). Cointelegraph reports.

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ForkLog 9 02.08.2021

Bitcoin’s Ungovernability Spooks Nigerian Authorities

Cryptocurrency adoption in Nigeria is rising, despite restrictive measures by authorities, The Guardian reports. Nigerian traders rank second to the United States in Bitcoin P2P volume, with about $9.6 million traded in the past week.

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ForkLog 9 23.07.2021

Nigeria’s central bank sets timeline for CBDC pilot launch

The Central Bank of Nigeria (CBN) will roll out the pilot of the national digital currency (CBDC) by October 1, 2021, according to Peoples Gazette.

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ForkLog 8 13.06.2021

NFL star urges Nigeria to follow El Salvador’s Bitcoin example

NFL player Russell Okung published an open letter to the Nigerian government. The Nigerian-born athlete proposed that authorities adopt Bitcoin as a means of payment, following El Salvador's example.

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ForkLog 17 11.06.2021

Nigeria announces pilot CBDC launch

By the end of 2021 the Central Bank of Nigeria (CBN) could roll out a pilot project for a national digital currency (CBDC). This was stated by the regulator's information technology specialist Rakiya Mohammed, according to Today NG.

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