The Nigerian central bank has disputed media reports suggesting its Sept. 11, 2023 document implies that its e-naira currency poses a threat to financial stability. The central bank said it… Read More

eNaira: How not to adopt a cashless policy – The future of eNaira, the first Central Bank Digital Currency (CBDC) in the world, is uncertain two years after it was launched and bi… Read More

Central bank digital currencies (CBDCs) have become well-established as a major talking point in the academic mainstream and geopolitics — not to mention the crypto community an… Read More

Central banks have served as trusted institutions for providing money to the public since their inception. Fiat currency issued by a central bank is a vital public necessity and is one of th… Read More

Amid the growing political turbulence and societal divisions of our age, a new player has entered the arena: cryptocurrencies, or more specifically, Central Bank Digital Currencies (CBDCs)… Read More

Nigeria wants to upscale its artificial intelligence (AI) game to benefit from the innovation of the technology. AI is expected to contribute $15 trillion to the global economy by 2030. N… Read More

The Nigerian National Petroleum Company (NNPC) has entered into a strategic agreement with Afreximbank, headquartered in Cairo, to secure an emergency loan of $3 billion. The main aim of… Read More

Amidst the global exploration of the new financial system, banks and centralized institutions are strategically embracing innovative financial technologies, such as blockchain, to issue digi… Read More

Emtech, an African provider of central banking infrastructure, introduced its Central Bank Digital Currency (CBDC) Innovation kit last month. The kit caters to fintechs and financial service… Read More

Right now, get this best-selling Lodge… ‘You’ll never have to scrub a sink again!’ Amazon shoppers… ‘Perfect addition to my kitchen’: Save 50% on… Read More

By Henry Uche With the rapid disruptions brought about by technology advancement in the corporate world, an ICT expert, ‘DeRemi Atanda, has advised corporate organizations to upskill… Read More

The Central Bank of Nigeria (CBN) has instructed International Money Transfer Operators (IMTOs) to pay out remittances in both Naira and foreign exchange to beneficiaries. The bank has di… Read More

During the Law Ladies Day program at the University of Lagos in Yaba, Lagos, the Central Bank of Nigeria (CBN) launched a campaign to educate women about the eNaira. According to a statement… Read More

Last week, the Central Bank of Nigeria’s (CBN) governor, Godwin Emefiele, was suspended and subsequently detained after falling from grace with the country’s newly-elec… Read More

Bitcoin Magazine CEO advises moving Bitcoin off exchanges due to possible custodian bankruptcy. Wells Fargo is limiting cash withdrawals to $1,000, signaling potential cash shortage. T… Read More

To jumpstart a digital-first economic transformation, Zambia, a country in South-central Africa, is meticulously venturing into the world of digital currencies, albeit at a pace and conduct… Read More

As Nigerians continue to embrace different digital payment methods due to the continued cash shortage in the country, the Central Bank of Nigeria (CBN) disclosed that eNaira transactions hav… Read More

Source: Pexels.comNigeria Federal Executive Council approved a national blockchain policy in a meeting on May 3, 2023.  This policy will enable the country to develop a proper regulat… Read More

Following the Naira Scarcity in Nigeria, FS News has compiled Latest CBN News and Update on Naira Notes Today 27th April 2023.   1. New Naira Notes Scarcity: CBN May Phase Out Newly Re… Read More

The payback of the $800 million loan sanctioned by the World Bank as a subsidy palliative would commence under the following administration after that of the President, Major General Muhamma… Read More