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The CBN has asked Nigerian banks and other stakeholders First Bank, Access Bank, Sterling Bank, and Providus Bank to develop a stablecoin, a cryptocurrency pegged to the naira’s value. The cNGN will launch later this month. More in #TCDaily. ....
Cash-strapped, Twiga raised $35 million in convertible bonds from Creadev and Juven, two private equity investors who had previously invested in Twiga. ....
MTN Nigeria's switch to American Tower Corp sparks dispute with IHS Towers, raising concerns for telecom services in Nigeria. Government threatens sanctions to ensure network stability. ....