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Tag: Central Bank of Nigeria (CBN)

CryptoSlate Wrapped: Gemini co-founder calls to oust DCG CEO; Binance liquidates $75M SHIB

The biggest news in the cryptoverse on Jan. 10 saw Gemini co-founder Cameron Winklevoss accuse DCG CEO Barry Silbert of fraud...

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Nigeria Announces New Cash Withdrawal Restrictions — ATMs Limited to Less Than $44 per Day

In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under...

Nigerian Central Bank To Boost CBDC Use by Limiting Fiat Use

Nigerian central bank reduces ATM cash withdrawal limit to boost e-Naira.Withdrawal limit has been reduced from $337 to $45.Nigerian government is looking to tax...

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are...

Kenyan Central Bank Raises Key Rate by 75 Basis Points

The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to...

Kenyan Central Bank Says It’s ‘Craziness’ to Convert Country’s Reserves to Bitcoin

The Kenyan central bank governor Patrick Njoroge has described as “craziness” the calls to convert Kenya’s reserves into bitcoin. He added that he would...

Report: Legal Experts Say Nigeria in Need of ‘Clear-Cut Guidelines’ for Crypto Industry

Authorities in Nigeria have been told to consider upgrading the country’s cryptocurrency regulatory guidelines because current regulations are not consistent with the realities on...

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