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,…
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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.
Nigeria’s central bank partners with fintech firm Bitt Inc for CBDC rollout
The CBN considered Bitt Inc’s experience in the development of the Eastern Caribbean Central Bank’s DCash, launched in April.
Nigeria’s central bank issues draft guidelines on eNaira CBDC project
CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC.
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