News list for " nigerian plus"
Nigerian cryptocurrency exchange Bitmama has temporarily suspended its virtual Mastercard service due to unforeseen issues with its providers. The current situation comes as African fintech companies are facing card service challenges, including exchange rate fluctuations, chargeback fraud and insufficient funding. Some fintech companies blame provider issues, while others cite high costs and limited revenue opportunities. Despite these obstacles, some fintech companies such as Bitmama and Chipp...
Nigerian cryptocurrency advocate James Utudor has filed a lawsuit challenging the Nigerian government's restrictions on owning, using, and trading digital assets such as bitcoin and stablecoins. Utudor claims that the lawsuit, which names the Nigerian president, finance minister, and attorney general as defendants, aims to protect the fundamental rights of Nigerians, and that cryptocurrency restrictions make it impossible for Nigerian residents to use it as a hedge against inflation.
