Nigeria Adopts Stablecoins as Economic Lifeline: Report
Nigeria is experiencing rising challenges in the economic sector because its official currency, the naira, has incurred a loss of over 50% of its value…
Posts Tagged: Nigeria
Two Nigerian Crypto Platforms Receive Provisional Licenses by Country’s SEC
The Nigerian Securities and Exchange Commission (SEC) recently granted its first two provisional licenses to crypto exchange platforms Busha and Quidax. The licenses were issued…
Cocoa Tanks 9% on Profit-Taking; Market Analysts Still Bullish on Fundamentals
Cocoa futures tanked to around $9,000 to start the trading week. Cocoa prices are coming off a weekly gain as traders took profits. However, the…
Cocoa Seesaws on Higher Nigeria Exports; ICE Refuses Request for Price Limits
Cocoa futures seesawed on Friday, but the top-performing asset in global financial markets will record its first weekly loss since late last year. Cocoa prices…
Cocoa Prices Flirt With Fresh Record High on Intensifying Supply Woes
Cocoa futures flirted with a fresh record high on Tuesday as the agricultural commodity has showed no signs of slowing down. Cocoa prices have repeatedly…
SEC Nigeria Plans Fivefold Increase in Registration Fees for Crypto Providers
The Nigerian Securities and Exchange Commission (SEC) plans to overhaul cryptocurrency regulations. Changes made on March 15th aimed to clarify the rapidly changing crypto market…
Nigeria Bans Major Crypto Exchanges Including Binance
Nigeria has imposed a ban on leading cryptocurrency exchanges such as Binance, OctaFX, and Coinbase. The government instructed telecommunications companies to block access to their…
CBN Includes NFC Technology in CBDC Project
The Central Bank of Nigeria (CBN) keeps on pursuing its commitment to advance its blockchain project despite the ousting of its former governor a couple…