A New Era Dawns: Announcing the Launch of cNGN and the Africa Stablecoin Consortium (ASC)
The Central Bank of Nigeria has addressed recent concerns raised by various media outlets regarding the potential impact of the eNaira on the country’s financial stability....
The finance industry is experiencing a remarkable transformation courtesy of fintech, leading to a wave of opportunities. However, along with these promising prospects come a host...
To establish an effective legal, regulatory, and supervisory framework for policy responses, countries have been exploring various regulatory approaches and initiatives to encourage innovation and experimentation....
Following the growing interest and usage of cryptocurrencies in Nigeria, the Central Bank released a report that revealed a reverse relationship between the use of cryptocurrencies...
The Nigerian Fintech industry has garnered significant attention in Africa. Reports indicate that, despite a challenging global economic environment, the ecosystem attracted up to $1.2 billion...
The Central Bank of Nigeria introduced the eNaira, a Central Bank Digital Currency (CBDC), in 2021 and has since provided updates on its advantages, potential risks,...
As cryptocurrencies gain traction in Nigeria, concerns about their impact on the stability of the financial system and their influence on investor sentiment are growing. The...
In 2021, the Central Bank of Nigeria embarked on the groundbreaking eNaira project, leading the charge as one of the pioneers in the world of Central...
The Federal Republic of Nigeria in 2021 joined the list of about 130 countries exploring the Central Bank Digital Currency (CBDC) initiative by launching the eNaira....
Nigeria’s Central Bank Digital Currency (CBDC) project, the eNaira, brings with it both opportunities and challenges. In essence, a CBDC is a digital representation of a...
In an effort to provide insights into the performance of the e-naira project, the Central Bank of Nigeria has outlined several lessons learned during the two...
The Central Bank of Nigeria envisions a surge in the adoption of its e-naira project in the foreseeable future. By 2026, it is predicted that there...
Nigerian President, Bola Tinubu has nominated Dr. Olayemi Michael Cardoso as the prospective Governor of the Central Bank of Nigeria (CBN). Dr. Cardoso’s appointment, pending Senate...
The position of the Central Bank of Nigeria on cryptocurrency has been unwavering since its February 5th, 2021 circular that prohibited financial institutions from facilitating payments...
The Central Bank of Nigeria (CBN) has directed banks to lift the post-no-debit restriction placed on the accounts of over 400 individuals and companies, including cryptocurrency...
The Central Bank of Nigeria (CBN) has introduced a chip-enabled Near Field Communication (NFC) device for its digital currency, the eNaira, aiming to enhance accessibility and...
In this week’s edition of the crypto news, we’re breaking down WhiteBIT’s recent expansion into Nigeria, the Central Bank of Nigeria’s response to naira devaluation claims,...
The Central Bank of Nigeria has partnered with Convexity to speed up the adoption of eNaira. The apex bank wants to also carry out more sensitization...
