central bank of nigeria

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  |  International

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.  As...

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Nigeria’s Central Bank Debuts eNaira Website Ahead of Oct. 1 Currency Launch
Nigeria’s Central Bank Debuts eNaira Website Ahead of Oct. 1 Currency Launch
September 28, 2021  |  CBDC

The main website for Nigeria’s central bank digital currency (CBDC) has gone live, indicating that the launch of the eNaira digital currency is on track for...

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Nigeria’s Central Bank Preps for Launch of eNaira Digital Currency
Nigeria’s Central Bank Preps for Launch of eNaira Digital Currency
September 27, 2021  |  CBDC

The official website of the Central Bank of Nigeria (CBN) digital currency is live, Nigerian publication THISDAY reported. Called the eNaira, the currency is slated...

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Nigeria Renews Cash-For-Digital-Remittance Offer
Nigeria Renews Cash-For-Digital-Remittance Offer
May 06, 2021  |  Digital Payments

The Central Bank of Nigeria (CBN) has renewed its cash reward incentive for using digital remittances, according to a bank memo addressed to all deposit...

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