Tag: Nigerias
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 [...]
Nigeria’s central bank reportedly freezes crypto traders’ accounts
The Central Bank of Nigeria has reportedly ordered all commercial banks in the country to freeze accounts with at least two individuals engaged in [...]
IMF Partly Blames Uncertainty in Nigeria’s Forex Market for Drop in Remittances – Emerging Markets Bitcoin News
The uncertainty that prevails in Nigeria’s foreign exchange market is partly to blame for the plunge in cross-border remittances into the co [...]
IMF Partly Blames Uncertainty In Nigeria’s Forex Market For Drop In Remittances – Emerging Markets Bitcoin News
The uncertainty that prevails in Nigeria’s foreign exchange market is partly to blame for the plunge in cross-border remittances into the count [...]
Nigeria’s ENaira CBDC Goes Live
The eNaira was developed by fintech company Bitt, whose Digital Currency Management System (DCMS) is also behind the East Caribbean CBDC.Oct 25, 20 [...]
IMF blames fall in Nigeria’s remittance flows on forex crisis
Published 23 October 2021
The uncertainty in Nigeria’s foreign exchange market contributed to the decline in diaspora remittance flows into the [...]
Nigeria’s Vice President Urges Central Bank to Review FX Management Strategy | Investing News
ABUJA (Reuters) - Nigeria's central bank needs to review its foreign exchange management strategy and ensure that the naira's valuation reflects ma [...]
Nigeria’s eNaira Website Goes Live Ahead of Scheduled October Rollout
The main webpage for Nigeria’s central bank digital currency (CBDC) has gone live earlier than next month’s planned rollout date for the digital na [...]
Nigeria’s CBDC set for pilot rollout on Independence Day
After 4 years of improvement, the Central Financial institution of Nigeria (CBN) is ready to roll out its digital foreign money venture. The launch [...]
Nigeria’s securities regulator establishes fintech unit to check crypto
In 2021, monetary establishments working in Nigeria have been the lever of a authorities crackdown on cryptocurrencies, starting with February’s in [...]
Nigeria’s central financial institution companions with fintech agency Bitt Inc for CBDC rollout
Barbados-based fintech agency Bitt Inc shall be working because the technical associate for the Central Financial institution of Nigeria for its pr [...]
Nigeria’s central financial institution points draft pointers on eNaira CBDC mission
The Central Financial institution of Nigeria (CBN) has issued preliminary pointers for its proposed eNaira digital forex.In a sensitization doc des [...]
Nigeria’s comms minister hyperlinks blockchain to nationwide digital innovation efforts
Talking throughout Wednesday’s annual Digital Africa convention, Isa Pantami, Nigeria’s Minister of Communications and Digital Economic system, rec [...]
Nigeria’s central financial institution plans CBDC pilot launch earlier than the top of 2021
Rakiya Mohammed, an IT specialist on the Central Financial institution of Nigeria (CBN) has introduced that the apex financial institution is makin [...]
Nigeria’s Naira Loses Floor on Foreign exchange Black Market Only a Few Days After Devaluation – Economics Bitcoin Information
The Nigerian naira forex misplaced additional floor towar [...]