Tag: eNaira
Nigeria's Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption
Adoption of the central bank digital currency pales in comparison to the use of cash in the country.
www.coindesk.com [...]
eNaira no threat to financial stability
The Central Bank of Nigeria (CBN) had to publicly insist that their project, one of the world’s first operating central bank digital currencies (CBDC) [...]
Nigeria’s CBN enhances eNaira with NFC upgrade for contactless payments
Despite the former governor's ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to display a commitment to its central bank d [...]
IMF sees room for eNaira improvement in first year assessment
Nigeria’s eNaira central bank digital currency (CBDC) is over a year old, and the International Monetary Fund (IMF) has a late birthday present for it [...]
Nigeria’s eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg
Nigeria has been struggling with a crippling cash shortage since the central bank started replacing old naira notes with new ones late last year. Curr [...]
Nigeria Picks Bola Tinubu as New President Amid Protests Over Cash Shortages, Low eNaira Adoption
The Central Bank of Nigeria, under Buhari’s administration, issued a digital naira in October 2021 to encourage electronic payments and rival the adop [...]
Why Nigerians Aren't Turning to the eNaira Despite Crippling Cash Shortages
A lack of infrastructure, merchants and interest may all be contributing factors to Nigeria’s low eNaira pickup – despite its recent cash issues.
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Nigeria revisits its payments landscape amid sluggish eNaira adoption
Nigeria’s central bank will explore the adoption of blockchain technology to power a central bank digital currency (CBDC), the potential of stablecoin [...]
Nigerians’ passion for crypto is stopping short at the eNaira
Nigeria’s central bank digital currency (CBDC) is not getting the warm reception expected from its crypto-savvy population.According to a Bloomberg re [...]
Nigeria's CBDC eNaira Used for Nearly $10M Worth of Transactions Since October
Nigeria's central bank digital currency (CBDC), the eNaira, has been used to carry out transactions worth 4 billion naira ($9.3 million) since its int [...]
Nigeria aims for millions of new eNaira users as it increases features, targets unbanked
The eNaira, Nigeria’s central bank digital currency (CBDC), will enter the second phase of its expansion with new technology to beef up its user base, [...]
From eNaira to eHryvnia, a Caribbean fintech develops CBDC around the world
Barbados, a paradise island in the West Indies, is known for its azure beaches, tidal waves, shipwrecks, homegrown grown Barbadian (Bajan) hospital [...]
Tanzania Plans to Launch CBDC After eNaira Launch: Report
Tanzania is preparing to launch a digital form of its local currency, the Tanzanian shilling, the governor of the Bank of Tanzania said, according [...]
Nigeria’s eNaira Wallet Nears 500,000 Downloads in First 3 Weeks: Report
More than 488,000 people have downloaded the consumer wallet for Nigeria’s central bank digital currency, the eNaira, according to a Bloomberg repo [...]
eNaira slowly gains traction post-launch amidst glitches
The rollout of the world's second central bank digital currency, or CBDC, is off to a rocky start. Last week, Nigeria rolled out its eNaira CBDC af [...]