Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use
Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However,…
Browsing Tag
e-naira
8 posts
Nigerian Central Bank Says Amended CBDC Model to Ensure Increased Volumes and Wallet Activity
The Nigerian central bank has said it is amending the model of its central bank digital currency and…
Report: Nigeria to Stop Cash Withdrawals From Government Accounts
From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts,…
Nigerian Central Bank Increases Cash Withdrawal Limits After Receiving ‘Feedback From Stakeholders’
Barely a month after announcing the restricting of cash withdrawals to under $50 per week, the Central Bank…
Nigeria set to pass bill recognizing Bitcoin and cryptocurrencies
The slated law comes as Nigeria’s eNaira has only managed to obtain a 0.5% adoption rate 12 months…
‘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 block crypto entities…
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the…
Report: Zimbabwe Proceeding With Digital Currency Plans, Central Bank Undeterred By Slow Adoption of Nigerian CBDC
Undeterred by the reported slow adoption of the Nigerian central bank digital currency, the deputy governor of the…