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Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria

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Will Nigeria Central Bank Lift Crypto Ban ? As Crypto Ownership Growth Slows Down.

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On February 2021, Central Bank of Nigeria CBN released a circular to all Nigerian Banks mandating them to desists from engaging in cryptocurrency transactions. According to Finder, the global crypto survey research firm, globally, crypto ownership jumped from 11.2% in…

eNaira More Reliable Than Cryptocurrencies ; CBN. Asks Nigerians to Trade with the Digital Currency.

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The Central Bank of Nigeria (CBN) has called on all Nigerians to use the eNaria, saying that it is more secure than cryptocurrencies. This was disclosed by CBN spokesman, Nnamdi Okwuosa at the CBN Fair, with the theme, ‘Promoting financial…

eNaira Website Down, CBN Shifts Launching Date

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Central Bank of Nigeria CBN director cooperate communication, Mr Osita Nwanisobi on Thursday, announced the postponement the October 1st planned launching of Nigeria’s digital currency, eNaira. Nwanisobi explained that the CBN took the decision to postpone the launch, which had…

Company Sues CBN For ENaira Trademark Infringement.

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The name of the soon to be launched central bank of Nigeria’s digital currency, eNaira is under contest by a company claiming registered trademark for the name of the digital currency. A cease and desist letter was served to the…

Central Bank of Nigeria Partners With MasterCard For eNaira Design.

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Sets For Roll Out… The director of Information Technology, Central Bank of Nigeria (CBN), Rukiya Mohammed, on Wednesday said the apex regulatory bank has concluded plans to launch the Central Bank Digital Currency (CBDC) on October 1. She said that…

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…