central bank-of-nigeria

CDCROP: eNaira wallet registration page (CoinDesk)
Nigeria's CBDC eNaira Used for Nearly $10M Worth of Transactions Since October
The eNaira app has been downloaded 840,000 times and has 270,000 active wallets
CDCROP: eNaira wallet registration page (CoinDesk)

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Nigerian Payments App Reportedly Suspending Operations Due to Government Crackdown on Crypto
Payments platform KurePay plans to suspend services to Nigerian users starting in 2022.
Nigeria flag (Shutterstock)

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Nigeria's Central Bank Digital Currency Pilot to Start Oct. 1
Rakiya Mohammed, the bank's information technology director, revealed the date during a private webinar on Thursday.
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Thriving Under Pressure: Why Crypto Is Booming in Nigeria Despite the Banking Ban
Crypto communities world-wide have found ways around government bans, and Nigeria is no exception.
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Nigeria CBDC pilot
Nigeria's Central Bank May Launch a Digital Currency Pilot in 2021
A central bank official said Nigeria has been researching CBDCs for two years.
Nigeria CBDC pilot

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Nigeria: A Rebellious Hotbed of Crypto Innovation
The crypto world has fostered a new breed of developer-entrepreneur, one who no longer wants to work to change the existing system but is inspired to build entire new alternatives to it.
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Nigeria's Central Bank: We Didn't Ban Crypto Trading
Deputy Governor Adamu Lamtek said the CBN is not discouraging people from trading in cryptocurrency.
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Nigeria, naira, money
Nigeria Is Now Rewarding Citizens for Using Licensed Money Senders, Not Crypto
The "Naira 4 Dollar Scheme" is a bid to funnel remittances through official channels. Meanwhile, peer-to-peer bitcoin remains popular.
Nigeria, naira, money

Nigeria bitcoin
Blockchain Sleuthing Firm Calls Nigeria 'Focal Point' for Africa's Crypto Scams
These scams are raking in tens of thousands of dollars in crypto a month, blockchain analytics firm Whitestream determined.
Nigeria bitcoin

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Bitcoin Is Trading at a 46% Premium on Luno Nigeria After Central Bank Ban
The premium rose after the Central Bank of Nigeria reminded banks they could not provide crypto exchanges with financial services.
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