Central Bank of Nigeria

Lagos, Nigeria (Nupo Deyon Daniel/Unsplash)
Binance Nigeria Moved $26B Worth of Untraceable Funds in 2023, Central Bank Chief Says: Reports
The country's facing a crippling foreign exchange crisis and looking for ways to limit capital outflows, including via crypto.
Lagos, Nigeria (Nupo Deyon Daniel/Unsplash)

(Emmanuel Ikwuegbu/Unsplash)
Nigeria’s Central Bank Fleshes Out New Rule Allowing Crypto Firms’ Access to Bank Accounts
Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets.
(Emmanuel Ikwuegbu/Unsplash)

Lagos, Nigeria (Nupo Deyon Daniel/Unsplash)
Nigeria Lifting Ban on Bank Accounts for Crypto Firms Could Lead to Usage 'Surge'
Pan-African crypto exchange Yellow Card has said it will seek licensing in the country.
Lagos, Nigeria (Nupo Deyon Daniel/Unsplash)

Nigeria Changing Its eNAIRA Model To Promote Use of Its CBDC
Nigeria Changing Its eNAIRA Model To Promote Use of Its CBDC
Nigeria is changing its eNaira model to encourage more use of the central bank digital currency (CBDC), Central Bank of Nigeria (CBN) Acting Governor Folashodun Shonubi said W...
Nigeria Changing Its eNAIRA Model To Promote Use of Its CBDC

The 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
The eNaira wallet registration page (CoinDesk)

Nigeria flag (Shutterstock)
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)

Lagos, Nigeria
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.
Lagos, Nigeria

nigeria flag
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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The Central Bank of Nigeria may launch a CBDC pilot later this year, an official said.
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.
The Central Bank of Nigeria may launch a CBDC pilot later this year, an official said.

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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 alternat...
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