Nigeria’s central bank reportedly freezes crypto traders’ accounts
In February, the CBN banned banks from servicing crypto exchanges in the country, citing concerns including volatility, money laundering, and the financing of terrorism.
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eNaira slowly gains traction post-launch amidst glitches
Nigerian government officials have big expectations regarding the eNaira.
Nigerian president to unveil eNaira central bank digital currency
The Nigerian central bank digital currency was originally slated for launch earlier this month but was delayed.
eNaira, Nigeria’s Central Bank Digital Currency (CBDC) Debuts Today
While the talks of central bank digital currencies have been on the table for a few years now, few countries actually took the steps to issue one. Nigeria, in turn,…
Nigeria Central Bank Governor Says CBDC Launch Just ‘a Couple of Days’ Away
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has confirmed the country’s upcoming digital currency will be launched “in a couple of days from now.” According to…
50% of Africans Invest in Crypto to Pay for Their Children’s Education: Survey
According to a recent poll, most cryptocurrency investors from Kenya, Nigeria, and South Africa have entered the digital asset market with long-term goals such as securing their families’ wellbeing. Crypto…
Federal High Court of Nigeria approves eNaira CBDC rollout
eNaira will continue to circulate alongside its fiat counterpart, however, promising a faster, cheaper, and more secure option for monetary transactions.
Project Giant: Nigeria’s CBDC set for pilot rollout on Independence Day
Nigeria’s central bank digital currency will go into pilot testing on Oct. 1 with a tiered AML/KYC regime for the eNaira.
SEC Nigeria Establishes Fintech Unit to Research Cryptocurrencies
Eight months after Nigeria’s central bank banned banks from serving crypto entities and investors, the country’s Securities and Exchange Commission (SEC Nigeria) has established a fintech unit that will help…
Nigeria’s securities regulator establishes fintech unit to study crypto
With much of the Nigerian crypto market underground or peer-to-peer due to government restrictions, the country’s securities regulator is looking into ways to make investors safer.