Nigeria may seek a $10 billion fine from Binance as retribution as the country believes they “really messed up” the local economy.
Naira News
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Senior Binance execs Tigran Gambaryan and Nadeem Anjarwalla have been detained at a government property since Feb. 26.
7134The pioneering African CBDC has few users, but creating credit histories for them will promote financial inclusion.
6969Binance will suspend all services involving the Nigerian naira later this week after facing issues with local financial regulators.
12732The world’s second-ever CBDC has yet to reach 1% of Nigeria’s population, according to the IMF assessment.
6525The Supreme Court of Nigeria says no to redesigning the naira, ruling that the old banknotes will remain in circulation.
12902The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions.
35506Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector.
4720The CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC.
6103Can accepting and promoting the use of Bitcoin as the only means of payment make a difference in Nigeria’s e-commerce industry?
15568Nigeria’s Apex Bank Chief says: “No magic can save The Naira”; citizens run to Bitcoin for economic security.
948Nigerian naira looks to be set to lose more value in the international currency market. Will citizens turn to superior currencies as a safe haven for their wealth?
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