At the beginning of February, Nigerians started complaining that commercial banks could not supply individuals with Nigeria’s physical fiat currency.
The currency situation in Nigeria… Read More
Nigeria has emerged as the most crypto-savvy region in the African continent. It has also been able to leave a mark across the globe by ranking at the 11th position. However, the current sce… Read More
By RoboForex.com
By the middle of the week, the BTC has dropped to 24,040 USD. Since yesterday, the leading crypto has lost more than 3.5% of the price.
The market failed to reach 25,000 US… 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
Forgetting your eNaira username can be a frustrating experience, especially when you urgently need to...
The post I Forgot My eNaira Username: A Comprehensive Guide to Reset Your Password ap… Read More
The incoming administration of the President-elect, Bola Tinubu would be the first to commence the repayment of the $800 million loan approved by the World Bank as a subsidy palliative for… 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
Following the Naira Scarcity in Nigeria, FS News has compiled Latest CBN News and Update on Naira Notes Today 25th April 2023.
1. Mobile Banking Surges in Nigeria Amid Naira Scarcity
The sc… 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
Join the e-Naira Revolution: Central Bank of Nigeria Encourages Citizens to Go Digital – The Central Bank of Nigeria (CBN) has urged Nigerians to adopt the eNaira digital payment… Read More
Nigeria surpasses El Salvador in Bitcoin interest.
Top 10 countries show diverse global interest.
Google Search data highlights Bitcoin's popularity.
Nigeria has recently outpaced El… Read More
A quick look at Nigeria’s digital currency solution, the eNaira Speed Wallet – As Nigeria becomes more digital, the Central Bank of Nigeria (CBN) has made the eNaira Speed W… Read More
eNaira is helping Nigeria move faster towards a cashless society – The introduction of the eNaira is a big change for Nigeria’s economy. As the Central Bank Digital Currency… Read More
Source: Pexels Despite banning crypto transactions in February 2021, Nigeria is now considering a new approach to digital asset trading by allowing asset-backed tokens.
Accordin… Read More
Only 57.4 million Nigerians currently have Bank Verification Number (BVN), according to the Central Bank of Nigeria (CBN).
The BVN was introduced as a means to uniquely identify cu… Read More
The Nigerian government has approved the National Policy on Blockchain, according to Tolu Ogunlesi, a media aide to the country's president. BREAKING: The Federal Executive Council today app… Read More
News summary:
Zimbabwe’s central bank is launching gold-backed digital tokens for sale starting May 8.
The tokens will be sold at a minimum price of $10 for individuals and $5,000 for… 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
The Central Bank of Nigeria has unveiled the Unstructured Supplementary Service Data (USSD) code for its eNaira, indicating that Nigerians without internet-enabled phones can use eNai… Read More
In April 2021, Nigeria became the first country in Africa, and second in the world after the Bahamas, to roll out a central bank-backed digital currency (CBDC). The country’s governmen… Read More
Last week, the International Monetary Fund (IMF) published a report assessing the progress of Nigeria’s central bank digital currency (CBDC) after its introduction in October… Read More
IMF’s Assessment of eNaira Adoption: The International Monetary Fund (IMF) recently released a working paper titled “Nigeria’s eNaira,…
Source Read More
The eNaira has been making waves since its emergence, with widespread sensitization and awareness campaigns. As an avid reader of this site, you may have come across my previous posts and re… Read More
The eNaira, Nigeria's Central Bank Digital Currency (CBDC) and the world's first, has not met expectations in terms of boosting remittances and improving the informal economy, despite signif… 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
When CBDCs first came to the fore, many touted such a move as a game-changer in digital finance. Many had thought that the adoption of CBDCs in Africa would take the shape of the adoption of… 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
The Central Bank of Nigeria (CBN) has confirmed Dr Isa Abdulmumin as its substantive director, Corporate Communications of the afex bank.
OsunDaily News recalls that Abdulmumin was in Febr… Read More
New Nigerian President Pledges to Overhaul Agricultural Sector, Promises Swift Actions for Farmers
On Monday, 5th June 2023, the new President of Nigeria, addressed the pressing concerns of… 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
Binance Nigeria was ordered to cease operations immediately by the local Securities and Exchange Commission.
Nigeria's SEC declares Binance's operations illegal due to a lack of registra… Read More
Nigeria’s Central Bank Governor Suspended And Arrested After Waging All-Out War On Cash
Authored by Nick Corbishley via NakedCapitalism.com,
For the moment, it is not entirely clear w… 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
Governments worldwide try to exchange money with CBDCs, and other people worldwide are beginning to get up, however we want much more.
A CBDC is a government-run crypto-token that replace… Read More
A recent IMF post was extremely favourable towards countries in Latin America and the Caribbean using central bank digital currencies, while denigrating El Salvador’s adoption of Bitco… Read More
BENEFIT OF ENAIRA TO UNBANKED NIGERIANS
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BENEFIT OF ENAIRA TO UNBANKE… Read More
IMPACT OF ENAIRA IN TRACKING MONEY LAUNDERING AND FRAUD IN NIGERIA
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I… 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
The firm said in a statement that the decision was made by its shareholders.
All Bundle customers are urged to remove their funds no later than September 12, 2023.
Bundle, a social paymen… 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
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 digital currency (CBDC) project, sh… Read More
Despite the former governor’s ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to be committed to its central bank digital currency (CBDC) project, showing… Read More
The Central Bank of Nigeria (CBN) remains committed to the central bank digital currency (CBDC) project, despite the recent ousting of the former governor.
In a bi… Read More
In a bid to boost the adoption of its Central Bank Digital Currency (CBDC), eNaira, the Nigerian central bank has made significant enhancements to its mobile app.
According to a rep… 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
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
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
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
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
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
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 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
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
October 09, (THEWILL) – The Central Bank of Nigeria (CBN) has refuted reports that the country’s Central Bank Digital Currency (CBDC), the eNaira, is a threat to the nation&rsquo… Read More
On Monday, the Central Bank of Nigeria (CBN) asserted that the eNaira does not pose a risk to the financial stability of the nation.According to a statement by Isa AbdulMumin, the Director o… Read More
Yesterday the Central Bank of Nigeria issued a statement reasserting its confidence in its central bank digital currency (CBDC). The note addressed claims that an eNaira CBDC… Read More
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
Time for central bank digital currencies to prove their worth
LONDON (Reuters) -Telegram FX Signals – A milestone move by the European Central Bank toward launching a digital euro with… Read More