Generative Data Intelligence

Tag: Central Bank of Nigeria

Nigerian central bank moves to regulate Stablecoins and ICOs

The Central Bank of Nigeria (CBN) said it would develop a regulatory framework to recognize stablecoins and initial coin offerings as...

Report: Nigeria to Stop Cash Withdrawals From Government Accounts

From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian...

Report: Nigerian Central Bank Spent Over $1.8 Billion Managing Local Currency

During her appearance before Nigerian lawmakers, Aisha Ahmad, the deputy governor of the Central Bank of Nigeria (CBN), told lawmakers that out of...

LBank Welcomes Nigeria’s Push to Recognize Crypto as Investment Capital

Nigeria has put forward a significant legislation design that will further facilitate cryptocurrency adoption in the country with over 200 million inhabitants. Why this matters:...

Report: Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto

Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks...

Report Suggests Nigeria Might Support Bitcoin And Cryptocurrencies

Reports indicate Nigeria will support cryptocurrency. Nigerian ex-president wants Investment and Securities Act 2007 to come into law. The Central Bank of Nigeria will...

Nigeria set to recognize crypto as an investment class

Nigeria lawmaker Babangida Ibrahim said that the country is set to recognize cryptocurrencies as an investment class in its proposed investments...

Nigeria Passes Bitcoin And Cryptocurrency Law

A little more than a year after its introduction in October 2021, Nigeria's eNaira has only managed to get an adoption rate of 0.5%....

Inside Nigeria’s Ambitious Push of Cashless Society, eNaira CBDC

Nigeria’s push to adopt digital currency and move towards a cashless society shifted into high gear on December 6, when the country’s central bank...

Finovate Global Australia: CBA Launches Tech Hub, ANZ Plus Reaches 100K Customer Milestone, Aussie Regulators Target AMEX

Commonwealth Bank of Australia Launches Tech Hub in Brisbane Over the summer, Australia’s Commonwealth Bank (CBA) unveiled its latest technology hub in Melbourne....

Nigeria Caps ATM Withdrawals at $45/Day to Push CBDC

Nigeria is taking drastic steps to push digital forms of payment, including its own central bank digital currency. This includes dramatically slashing...

Market Analysis Report (07 Dec 2022)

Nigeria has drastically reduced the amount of cash that can be withdrawn at ATMs in a bid to push its “cashless Nigeria” policy and...

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