central bank of nigeria

Emerging Market Consumers Lukewarm on Value of CBDCs

Emerging Market Consumers Lukewarm on Value of CBDCs
Emerging Market Consumers Lukewarm on Value of CBDCs
August 29, 2022  |  CBDC

It’s been over a year since the Central Bank of Nigeria (CBN) issued a circular prohibiting banks and other financial institutions from facilitating cryptocurrency transactions...

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How Lessons From Nigeria’s eNaira Rollout Can Guide Future of CBDCs in Africa
How Lessons From Nigeria’s eNaira Rollout Can Guide Future of CBDCs in Africa
August 25, 2022  |  CBDC

In its August monetary policy statement, the Central Bank of Zimbabwe (CBZ) announced that it has developed a “roadmap for adoption of CBDC [central bank...

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Nigeria Aims for 8M eNaira Users as Crypto Adoption Grows
Nigeria Aims for 8M eNaira Users as Crypto Adoption Grows
August 18, 2022  |  Cryptocurrency

Since launching its digital currency last October, Nigeria has seen 840,000 people use the eNaira, and the country is now looking to get that number...

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Concerns Over Lost Fee Income Prompt Nigerian Lenders to Slow CBDC Adoption
Concerns Over Lost Fee Income Prompt Nigerian Lenders to Slow CBDC Adoption
July 19, 2022  |  CBDC

Nigerian lenders have been putting up roadblocks against using the country’s digital currency, concerned about loss of revenue from traditional banking services, Central Bank of...

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Nigerians Can Pay Bills With CBDC eNaira
Nigerians Can Pay Bills With CBDC eNaira
May 10, 2022  |  CBDC

The Central Bank of Nigeria (CBN) became the latest governmental body to allow bill payments using digital currency when it approved the use of the...

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EMEA Daily: Strauss & Co. Hosts NFT Auction for Fine Wines; Apple Faces More EU Antitrust Charges
EMEA Daily: Strauss & Co. Hosts NFT Auction for Fine Wines; Apple Faces More EU...
April 11, 2022  |  Cross-border Payments

In today’s top Europe, Middle East and Africa news, South African auction house Strauss & Co. will offer fine wine non-fungible tokens to the highest...

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Nigerian Central Bank Grants Mobile Banking License to MTN to Operate Momo Payment Service Bank
Nigerian Central Bank Grants Mobile Banking License to MTN to Operate Momo Payment Service Bank
April 11, 2022  |  Banking

The Central Bank of Nigeria (CBN) has approved a mobile banking license for South African telecom MTN, allowing it to operate as Momo Payment Service...

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Nigerian Crypto Ban Hasn’t Ended Use of Digital Currency 
Nigerian Crypto Ban Hasn’t Ended Use of Digital Currency 
October 12, 2021  |  Cryptocurrency

Despite a ban from their country’s central bank, people in Nigeria have turned to cryptocurrency to conduct business, send payments and guard their savings.  Get...

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