Nigerian Central Bank Says Amended CBDC Model to Ensure Increased Volumes and Wallet Activity
The Nigerian central financial institution has stated it’s amending the mannequin of its central financial institution digital forex and is hopeful that such an train...
Nigerian Central Bank Seeks New CBDC Tech Partner — Bank Urged to Improve E-Naira User Experience
More than a yr after it launched its central financial institution digital forex with associate Bitt Inc, the Central Bank of Nigeria is reportedly in...
Report: Nigeria to Stop Cash Withdrawals From Government Accounts
From the beginning of March, Nigerian public officers will probably be barred from withdrawing money from authorities financial institution accounts, the pinnacle of the Nigerian...
Nigerian Central Bank Increases Cash Withdrawal Limits After Receiving ‘Feedback From Stakeholders’
Barely a month after asserting the limiting of money withdrawals to beneath $50 per week, the Central Bank of Nigeria stated on Dec. 21 that...
‘Cryptocurrencies Like Bitcoin Make Global Commerce Easy’ — Founder of Nigerian Crypto Exchange
Despite the Central Bank of Nigeria (CBN)’s Feb. 5, 2021 directive that instructed banks to dam crypto entities from the monetary system, the demand and...
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
According to the International Monetary Fund (IMF)’s mission concluding assertion, Nigeria’s rising inflation price in addition to the persevering with scarcity of overseas forex are...
Report: Zimbabwe Proceeding With Digital Currency Plans, Central Bank Undeterred By Slow Adoption of Nigerian CBDC
Undeterred by the reported gradual adoption of the Nigerian central financial institution digital foreign money, the deputy governor of the Reserve Bank of Zimbabwe, Innocent...
Nigerian CBDC Still Not Widely Used a Year After Launch
On October 25, Nigeria commemorated the primary anniversary of the Central Bank of Nigeria’s e-naira, whilst extra residents proceed to snub the digital forex. In...
Nigerian Presidential Hopeful’s Party Says It Will Review Country’s Blockchain and Crypto Policy if Elected
The get together of the Nigerian presidential hopeful Asiwaju Bola Tinubu has promised to arrange an advisory committee to evaluation laws that govern blockchain and...
Nigerian Central Bank Slashes CBDC Transaction Fees by 50%
The Central Bank of Nigeria has stated it’s slashing transaction charges for the e-naira platform by 50% — a transfer which the financial institution claims...