Quote from: Henrobakkara on Today at 06:46:54 AM

Quote from: avikz on Today at 06:17:34 AM

Quote from: guefrger on Today at 04:59:48 AM

According to local Nigerian media Kano Focus, the new Oxford University of Technology in Chiranchi, Kano, Nigeria, has adopted cryptocurrency to reduce tuition fees. Principal Sabi'u Musa Haruna stated that this decision was made after proper consultation with parents. In addition, the principal also urged the federal government to accept and formalize the cryptocurrency system as soon as possible.

Isn't cryptocurrency banned in Nigeria? I believe last month only the Central Bank of Nigeria came up with such directive that prohibits financial institutions from dealing in cryptos. If that is the case, then I must say that the Principal has taken a very bold decision going against the tide. Now it's interesting to see how the Government of Nigeria reacts to such steps.

Yes all financial institutions are still not allowed to deal in cryptocurrencies related transactions and the least I also heard was that, the Federal Government of Nigeria was thinking of creating its own digital currency so we will see how that goes because I know they are trying to create what they can control as they have no control over other cryptocurrencies. Anyways, this is a good and bold move by the School administration and hope the they are able to convince the Government as they said.

There is already a growing confusion about whether governments will actually create CBDC or adopting BTC in a country not just in Nigeria because afaik they banned BTC there. OP didn't provide a link of reference for his statement so this could untrue.

But it could be a good indication of adoption if it is true, it doesn't even necessarily Bitcoin. Ethiopia had a contract with Cardano which they are proud of announcing to shill so it could be ADA.