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Nigerian President Barred From Extending Old Naira Banknote Demonetization Deadline

Bitcoin.com
Nigerian President Barred From Extending Old Naira Banknote Demonetization Deadline
Abdulrasheed Bawa
Nigerian President Barred From Extending Old Naira Banknote Demonetization DeadlineWith just a few days left before the old naira banknotes are demonetized on Feb. 10 as scheduled, a court in Nigeria has blocked the country’s president, Muhammadu Buhari, and the central bank governor, Godwin Emefiele, from further extending the deadline. Opponents of the central bank’s old naira demonetization plan have asked Buhari and Emefiele […]
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Phoenix and Wasabi exit US market amid self-custody wallet crackdown

Phoenix and Wasabi exit US market amid self-custody wallet crackdown

Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low

Bitcoin.com
Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low
Abdulrasheed Bawa
Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New LowStarting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria (CBN) has said. The announcement has since resulted in the naira’s parallel market exchange rate versus the U.S. dollar dropping to a new low of N781:$1. Redesigning Currency a Global Best Practice The […]
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Phoenix and Wasabi exit US market amid self-custody wallet crackdown

Phoenix and Wasabi exit US market amid self-custody wallet crackdown

Report: Nigerian Anti-Graft Body Identifies Individuals Fueling the Naira’s Rapid Depreciation

Bitcoin.com
Report: Nigerian Anti-Graft Body Identifies Individuals Fueling the Naira’s Rapid Depreciation
Abdulrasheed Bawa
Report: Nigerian Anti-Graft Body Identifies Individuals Fueling the Naira’s Rapid DepreciationNigeria’s Economic and Financial Crimes Commission (EFCC) recently claimed it had identified individuals and organizations whose rapid accumulation of U.S. dollars recently accelerated the depreciation of the local currency, a report said. According to Abdulrasheed Bawa, the EFCC chairman, his organization is currently going after foreign currency speculators in Kano, Lagos, Port Harcourt, Enugu, and […]
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Phoenix and Wasabi exit US market amid self-custody wallet crackdown

Phoenix and Wasabi exit US market amid self-custody wallet crackdown

Chairman of Nigerian Economic Crimes Commission: Crypto Growth Is a ‘Far Greater Danger to the World Economy’

Bitcoin.com
Chairman of Nigerian Economic Crimes Commission: Crypto Growth Is a ‘Far Greater Danger to the World Economy’
Abdulrasheed Bawa
Chairman of Nigerian Economic Crimes Commission: Crypto Growth Is a ‘Far Greater Danger to the World Economy’The chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has singled out the growth of cryptocurrencies as something that now poses “a far greater danger to the world economy.” Therefore, in order to deal with such dangers or threats, Bawa advocates for a “collective and collaborative approach by authorities around the world.” […]
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Phoenix and Wasabi exit US market amid self-custody wallet crackdown

Phoenix and Wasabi exit US market amid self-custody wallet crackdown

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