From hedging hyperinflation to lowering the cost of cross-border remittances, crypto can improve financial inclusion in Africa's largest economy.
Bademosi will be succeeded by Binance Africa director Emmanuel Babalola
Rakiya Mohammed, the bank's information technology director, revealed the date during a private webinar on Thursday.
Crypto communities world-wide have found ways around government bans, and Nigeria is no exception.
Nigeria's crypto industry is growing fast despite the government's efforts to stunt bitcoin adoption, says a local trader.
Last year’s End SARS protests over police brutality were a catalyst for Bitcoin adoption in Nigeria, says Nwachukwu, ahead of CoinDesk’s Crypto State event.
Paxful CEO Ray Youssef said all eyes should be on Africa right now.
The Nigeria-born Toronto FC forward sends some of his bitcoin home to help his family avoid surging inflation rates in Africa’s largest economy.
Nigerian artists are minting NFTs, but they are cautious about the hype around them.
Deputy Governor Adamu Lamtek said the CBN is not discouraging people from trading in cryptocurrency.
The investment, made through SDF's Enterprise Fund, will provide Cowrie with resources to continue expanding its operations in emerging markets, including Africa.
Traditional savings groups in Nigeria are looking at dollar-pegged stablecoins as a tool to protect their savings from local inflation.
The "Naira 4 Dollar Scheme" is a bid to funnel remittances through official channels. Meanwhile, peer-to-peer bitcoin remains popular.
These scams are raking in tens of thousands of dollars in crypto a month, blockchain analytics firm Whitestream determined.
The premium rose after the Central Bank of Nigeria reminded banks they could not provide crypto exchanges with financial services.