Central Bank of Nigeria

(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)

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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's Central Bank May Launch a Digital Currency Pilot in 2021
A central bank official said Nigeria has been researching CBDCs for two years.
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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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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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