Central Bank of Nigeria

emefiele_techcabal_next_wave

Next Wave: Emefiele and other risks Welcome, Amazon MAY 2, 2021 This newsletter is a weekly in-depth analysis of tech and innovation in Africa that will serve as a post-pandemic guide. Subscribe here to get it directly in your inbox every Sunday at 3 pm WAT Hello, April was going to end quietly but Godwin […]


godwin-emefiele

Godwin Emefiele, the Central Bank of Nigeria’s governor, is convinced that cryptocurrency threatens Nigeria’s financial system and must remain under quarantine indefinitely. At a Senate hearing held on Tuesday, Emefiele described cryptocurrency as “money that is created out of thin air” and used by “players in an electronic dark world where transactions are extremely opaque.” […]

ecobank

At about 12:35am on Tuesday, one of my colleagues received an email from Ecobank.  It started with a few paragraphs reminding him of the Central Bank of Nigeria’s directive that banks should stop enabling cryptocurrency transactions. The crucial message was this: “…please be informed that any account identified as transacting or operating in cryptocurrency exchanges […]


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