Nigerias

Nigeria’s financial authorities recently announced plans to overhaul the tax system to include crypto assets. A Nigerian organization has hailed the upcoming proposal, which aims to update existing policies and adapt to the…

Blockchain technology and artificial intelligence can be used to combat illicit activities, said Olanipekun Olukoyede, Chairman of the Nigerian Economic and Financial Crimes Commission. The stakes are high for Africa, with the continent…

The Nigerian government has mandated telecom and internet service providers to restrict access to various crypto exchanges, including Binance, Coinbase, and Kraken.  This is a response to Nigerians’ growing reliance on cryptocurrencies to…

Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated PressChinedu AsaduPublished Feb 17, 2024  •  4 minute read Article contentABUJA, Nigeria (AP) — Nigerians are facing one of the West African nation’s worst economic…

The Central Bank of Nigeria has granted the Africa Stablecoin Consortium (ASC) approval to introduce Compliant Nigerian naira stableCoin (cNGN) within its regulatory sandbox. This marks a pivotal moment in the Nigerian financial landscape,…

The Central Bank of Nigeria (CBN) has now canceled its restrictions on banks and other financial institutions in operating accounts for virtual asset service providers (VASPs). This marks an exciting development as the Apex Bank…

© Reuters. The Central Bank of Nigeria (CBN) has stepped forward to address the concerns over the reported shortages of naira notes in the country, ascribing the situation to heightened withdrawals by Deposit Money Banks (DMBs) and…

© Shutterstock Nigeria's currency, the Naira, experienced a turbulent week with significant fluctuations across different exchange platforms. Amidst ongoing liquidity issues and a lack of intervention from the Central Bank of…

© Reuters. The Nigerian Naira continues to experience significant depreciation, despite the Central Bank of Nigeria's attempts to strengthen the local currency. The Naira's value has been on a downward trajectory since June 2023, when…

© Reuters. FILE PHOTO: A man counts Nigerian naira notes in a market place in Yola, Nigeria, February 22, 2023. REUTERS/Esa Alexander/File Photo ABUJA (Reuters) -Nigeria's naira hit a record low of 980 per dollar on the official market…