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Nigerians Must Accept e-Naira: CBN Says.

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The Central Bank of Nigeria notes that the e-naira which is set to be launched on October 1 is a legal tender equal to the value of the naira and therefore must be accepted as a form of payment by…

Opinions Against CBN’s Snub of Nigerian Fintech Companies On eNaira Development Grows Among Industry Players.

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Stakeholders in fintech and digital currency in Nigeria were bewildered when CBN announced that it will be partnering with Barbados based fintech company Bitt Inc for the technical development of eNaira. Many believed that Nigeira digital currency ecosystem is filled…

Central Bank of Nigeria Collaborates With Int’l Fintech Company Bitt Inc For eNaira.

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The Central Bank of Nigeria (CBN) has revealed that Bitt Inc., an international fintech firm, will play the role of a Technical Partner for its digital currency, eNaira, which would be launched for usage later in the year. The report…

Central Bank Of Nigeria to Launch E-Wallet, Nigerian Banks, Others To Follow Soon.

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The Central Bank of Nigeria announced that eNaira cryptocurrency will launch on a digital wallet called Speed wallet This according to the Central Bank will enable the apex banking regulatory body to meet it’s October 1st timeline. The wallet is…

Massive Shift to USD(X) Stablecoin Expected as CBN Stops the Sell of FX to BDC Operators

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Massive Shift to USD(X) Stablecoin BDC Expected. Central Bank of Nigeria’s governor , Godwin Emefiele has announced the placement of embargo on the weekly sale of foreign exchange to Bureau De Change operators. CBN made this known on Tuesday while…

Blockchain Technology to Add $29 Billion to Nigeria’s GDP by 2030.

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A new survey by Enhancing Financial Innovation and Access (EFInA) finds that blockchain technology can sort out challenges to financial inclusion in Nigeria and boosts Nigeria’s economy, bearing the variables in ground can add $29 billion to the nation’s GDP…

Central Bank of Nigeria (CBN) To Launch A Digital Currency Before The End of the Year 2021

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The Director, Information Technology Department, Central Bank of Nigeria (CBN), Mrs. Rakiyat Mohammed, revealed in a virtual briefing at the banker’s committee meeting yesterday, that the CBN will be launching a Central Bank Digital Currency (CBDC) before the end of…