Nigeria is capping cash withdrawals in order to drive adoption of its CBDC the eNaira—but will people embrace the central bank’s vision? Nigeria’s push to adopt digital currency and...
Nigeria has imposed limits on cash withdrawals in a move to push consumers towards alternatives, including its own Central Bank Digital Currency (CBDC), the eNaira. In a letter to...
The Central Bank of Nigeria is targeting a stronger digital economy to support the growth of the financial systems according to Punch. This is even as the digital currency,...
Flutterwave, Africa’s leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)—widely regarded as CBN’s most valuable payments processing license....
Nigeria was the first African country and a significant economy to launch Central Bank Digital Currency – eNaira on Oct. 25, 2021, currently it is the largest economy in...
This paper discusses critical considerations in the design of central bank digital currency (CBDC) in West Africa through a comparative case study of Ghana’s (eCedi) and Nigeria’s (eNaira) design...
Experts in the Nigeria’s financial sector have identified gaps in the set objectives by the Central Bank of Nigeria (CBN) to significantly reduce the number and percentage of adult...
Nigeria’s paper currency to be out of circulation soon due to Central Bank Digital Currency (eNaira)
The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira according the Punch....
The Central Bank of Nigeria, in exercising its mandate to ensure the stability of the financial system and pursuant to its role in deepening the financial system, developed a...