Nigeria began exploring and researching the CBDC, which it has dubbed the e-Naira, five years ago under Project GIANT.
The central bank has been working on Project GIANT since 2017, conducting research on the opportunities and risks it poses...
Nigeria is exploring blockchain, artificial intelligence and other emerging technologies in its bid to promote an innovation-driven culture.
The West African country has been cracking down on digital currencies for months, but according to one report, it has...
The Securities and Exchange Commission acknowledged that a recent ban by the bank had disrupted Nigeria’s digital currency industry, while...
Nigerian fintech startups, including those in the digital currency sector, have been relying on the bank verification number (BVN) as...
The central bank’s directive only applied to banks, prohibiting them from processing transactions related to digital currencies, an official said.
The Central Bank of Nigeria announced its “Naira 4 Dollar Scheme” recently, targeting diaspora remittances.
Despite thriving for years now, Nigeria’s digital currency industry faces its biggest threat yet following a central bank ban that...
Speaking at a recent event, Yemi Osinbajo rebuked the recent ban on digital currencies, advocating for Nigerian authorities to regulate...
The Central Bank of Nigeria believes the recent ban on digital currencies was in the best interest of the public,...
Senators want the Central Bank of Nigeria governor to brief its Banking Committee on why it ordered banks to shut...