Local advocacy group reminds law enforcement agencies, public institutions, banks and other firms about the legality of cryptocurrencies and their differences from blockchain technology.
Nigerian Blockchain advocacy group SIBAN (Stakeholders in…
The CBN fines several money deposit banks for failing to restrict customer accounts carrying out crypto transactions despite restrictions.
Reports suggest that the Central Bank of Nigeria (CBN) has fined four…
The eNaira Leads The Race To Digital Money Meanwhile, Local Interest In it Pales Compared To Bitcoin
Nigeria's eNaira ranks highest among retail CBDCs globally; however, Nigerians continue to prefer Bitcoin and other cryptocurrencies.
The 2022 PwC CBDC Global Index was released yesterday, 4 April, with Nigeria’s eNaira…
Amidst growing inflation rates and the depreciating Naira value, the lower arm of Nigeria's National assembly wants the CBN to reinforce the use of coins.
Yesterday, the Nigerian house of representatives…
Four months after its release, the eNaira wallet is still dogged with bad reviews and user complaints about its functionality.
The Central Bank of Nigeria (CBN), in a bid to advance…