From the Blog

JPMorgan- Bitcoin has made a tremendous shift in the past week which led to a 35% rally soaring for above $50,000 which saw the Market Capitalization gear to $1 trillion significantly reflects to a major demand. JPMorgan on Thursday shared a note with clients, in its take, the recent increase in price of Bitcoin was […]

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Regulatory guidelines – Following the supposed official launch of the CBDC, the apex bank has released regulatory guidelines to guard against misuse and abuse of the eNaira. A document surfaced recently as released by the apex bank titled “Regulatory guidelines on the eNaira.” It was said that the guideline shall apply to all financial institutions […]

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ICPC calls for cryptocurrency regulation in Nigeria Cryptocurrency regulation – Despite the crackdown on crypto trading in Nigeria, cryptpocurrency adoption has been found to be soaring to the high heavens against all odds. Recall that the CBN memo/circular of the February 5th 2021 reiterated and spelled an outright ban on Bitcoin and related crypto assets, compelling […]

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CBDC – In view of the October 1, set for the release of pilot phase of the CBDC, the Central Bank of Nigeria has urged citizens to embrace the digital currency citing its benefits to the economic populace. Recall, the apex bank noted it’ll develop and release a digital currency weeks back, and according to […]

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Crypto is advancing – You may not look too far to understand that Nigerians are showing great appetite for cryptocurrency despite the CBN ban of February 5th 2021. With the rising number of acceptance in this direction one will hardly doubt if Nigeria is actually in crypto adoption on the world map. At the announcement […]

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Crypto lending platforms – Recent development shows that crypto adoption in Nigeria and Africa is on the uphill and can only get better, the surpposed introduction of the CBDC from all ramifications will not in any way affect further crypto adoption in the coming days. Given this, some crypto exchanges have device a means to […]

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CBN issues guideline to Nigerian banks on e-Naira onboarding e-Naira – following the Central Bank of Nigeria’s press release in August detailing its readiness to launch the pilot scheme of its digital currency in October 1, 2021 the apex bank has released a blue print to further guide Deposit Money banks into being the active […]

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Crypto adoption – A report by the largest cryptocurrency hub Binance indicates that the Africa’s most populous nation (Nigeria) is leading the charge in crypto adoption in recent time despite ban being meted by the country’s apex bank. This revelation was made in Binance’s report titled “The World Goes Crypto: Top 5 Countries Adopting Crypto […]

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