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Tag: Central Bank of Nigeria

Nigeria Passes ‘National Blockchain Policy,’ Industry Player Says Central Bank Unlikely to Lift Crypto Ban

The Nigerian Federal government said on May 3 it had passed what it called the “national blockchain policy.” The Nigerian minister of communications...

Nigeria Plans to Regulate Digital Asset Platforms

Nigeria, one of the most curious nations about cryptocurrencies, is preparing new industry regulations for digital asset platforms. The Nigerian Securities and Exchange Commission...

Nigeria Takes Lead in Bitcoin Interest: Google Search Data

Nigeria surpasses El Salvador in Bitcoin interest. Top 10 countries show diverse global interest. Google Search data highlights Bitcoin’s popularity. Nigeria has recently...

Report: Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira

Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According...

Nigerian Crypto Investors Face Account Freezing

Nigerian crypto investors using peer-to-peer (P2P) services are facing difficulties as the Central Bank of Nigeria (CBN) has flagged their bank accounts. The CBN’s...

eNaira Adoption Grows Amid Nigeria’s Cash Shortages

Nigeria's central bank launched its own digital currency, the eNaira, in 2021, and nearly 18 months later, the CBDC is seeing increased adoption in...

MetaMask Taps MoonPay to Enable Nigerians Buy Crypto via Instant Bank Transfers

MetaMask is integrating with crypto fintech platform MoonPay to expand its offering in Nigeria. According to MetaMask developer ConsenSys, Nigeria happens to be one...

Nigeria’s eNaira Beats US in CBDC Race Amid Severe Fiat Shortages

Nigeria’s eNaira gains popularity as fiat shortages increase. eNaira sees 63% increase in transaction value. CBDC wallets increase twelvefold, reflecting eNaira’s potential to...

Nigerian Central Bank Unveils Open Banking Guidelines

The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and...

Nigerian President-elect’s Manifesto Includes Blockchain and Crypto Regulations

Nigeria is one of the countries where cryptocurrency adoption is on the rise. In recent years, the country has seen a surge in crypto...

5 countries leading the blockchain adoption

Countries lead blockchain adoption for various reasons, including recognizing its potential to transform multiple sectors of the economy, promoting innovation and economic growth, and...

CBN is continuing to develop its eNaira

The Central Bank of Nigeria (CBN) is making progress on the development of its central bank digital currency (CBDC), the eNaira; nevertheless, the CBN...

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