Nigeria Extends Deadline for Returning Soon-to-Be Demonetized Naira Banknotes
After initially ignoring pleas to increase the interval for returning previous naira banknotes, the Nigerian central financial institution not too long ago mentioned it has...
Report: Nigerian Central Bank Spent Over $1.8 Billion Managing Local Currency
During her look earlier than Nigerian lawmakers, Aisha Ahmad, the deputy governor of the Central Bank of Nigeria (CBN), instructed lawmakers that out of the...
Report: Nigerian Security Agency Seeks to Arrest Central Bank Governor on Charges of Funding Terrorists
The Nigerian safety company, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele...
Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings
After touching a brand new all-time low of N710 per greenback in late July, a brand new report says the Nigerian foreign money has rebounded...
Nigerian Central Bank Told to Consider Floating the Naira, Recent Interest Rate Hike Slammed
The Central Bank of Nigeria must be discontinuing the fastened change fee system and let the naira freely float in opposition to the main currencies,...
CBDC Ensures Nigeria Remains Competitive in Increasingly Digital World — Central Bank Governor
The governor of the Central Bank of Nigeria (CBN) has insisted the just lately launched e-naira digital foreign money can probably enhance commerce and funding...
Report: Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added
The Nigerian central financial institution digital forex (CBDC) pockets app is about for an replace that may see customers given the flexibility to pay for...
Study Finds 33.4 Million Nigerian Adults Hold or Have Traded Crypto in Last 6 Months
According to a brand new report, roughly 33.4 million Nigerians, or 35% of the nation’s grownup inhabitants, are holders of cryptocurrencies or have traded them...
Nigerian Government Minister Calls for Regulation of Crypto, Considers Additional Body ‘to Play That Role’
A minister within the Nigerian authorities has known as on authorities within the nation to contemplate regulating cryptocurrencies as an alternative of clamping down on...
Nigerian Experts: CBDC Still Unattractive to Users Despite Claim of ‘Excellent’ Adoption Rate
Nigerian blockchain and cryptocurrency specialists have advised that many potential customers will solely take into account adopting the e-naira as soon as the central financial...