The Central Bank of Nigeria has partnered with Gluwa, a blockchain-based credit rating platform, to develop credit profiles for its digital currency, the eNaira. While the...
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....
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 adoption of digital and electronic cash transfers has greatly facilitated payment settlements, enhanced funds circulation, and bolstered programs such as social transfer. While these benefits...
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,...
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....
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...
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...
The Central Bank of Nigeria (CBN) is reportedly in consultation to re-engineer its Central Bank Digital Currency, the eNaira. Per a report by Bloomberg, the Apex...
Reports from the National House of Representatives in Nigeria reveals that the nation will soon pass a bill that allows digital currencies, including cryptocurrencies, in the...
If central banks represent centralized systems that manage the financial status of nations and bitcoin is a decentralized system that anyone around the world can be...
The Central Bank of Nigeria, in a letter to all Deposit Money Banks (DMBs) and financial institutions, gave a new cash withdrawal policy which was stated...
Nigeria’s eNaira has had shaky adoption since launch and this could be attributed to certain factors including privacy rights. Many possibly fear that the government will...
The usecases and scalability of the eNaira have been a point of debate since its launch. Lorien Gamaroff, the founder of Centbee on the Inside Blockchain...
Zimbabwe is pushing plans to introduce a central bank digital currency; a digital version of its currency. Zimbabwe’s plan on introducing a CBDC was a lesson...
Reports from Bloomberg suggest that the adoption of eNaira released by the Central Bank of Nigeria stands at less than 0.5%. Why is this so? Do...
African countries are exploring the virtual form of their currency which can improve their approach to exchanges and cash flow as well as to economic activities...
The eNaira has attracted half a million users and about 780,000 merchants in over 160 countries a few weeks after launch. The Central Bank of...
In this session of the Inside Blockchain Show on the 1st of November 2021, we focus on Nigeria’s Digital Currency, eNaira, as we explore its impact...
