Central Bank Of Nigeria

Central Bank of Nigeria

CDCROP: eNaira wallet registration page (CoinDesk)

Policy

Nigeria

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

By Jamie Crawley

Aug 19, 2022 at 12:11 p.m. UTC

Aug 19, 2022

NigeriaCentral Bank of NigeriaCBDC

Policy

Nigeria

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.

By Sandali Handagama

Nov 23, 2021 at 6:00 p.m. UTC

Nov 23, 2021

NigeriaCentral Bank of NigeriaCrypto Banpaymentspeer-to-peer

Markets

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.

By Sandali Handagama Sebastian Sinclair

Jul 23, 2021 at 7:10 a.m. UTC

Jul 23, 2021

Nigeriacentral bankscentral bank digital currencyCentral Bank of Nigeria

Markets

P2p

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.

By Anna Baydakova

Jul 6, 2021 at 4:05 p.m. UTC

Jul 6, 2021

P2PRegulationNigeriaCentral Bank of Nigeria

Markets

Cbdcs

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.

By CoinDesk

Jun 10, 2021 at 9:11 p.m. UTC

Jun 10, 2021

CBDCsCentral Bank of Nigeria

Podcasts

Coindesk-news

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.

By Michael J. Casey Sheila Warren

Apr 30, 2021 at 4:23 p.m. UTC

Apr 30, 2021

coindesk-newsBitcoinNigeriaCryptoMoney ReimaginedCentral Bank of Nigeria

Markets

Banks

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.

By Sebastian Sinclair

Mar 22, 2021 at 9:10 a.m. UTC

Mar 22, 2021

banksRegulationNigeriaCentral Bank of Nigeria

Policy

Remittances

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.

By Tanzeel Akhtar

Mar 10, 2021 at 7:00 a.m. UTC

Mar 10, 2021

RemittancesAfricaNigeriaCoinFlashCentral Bank of Nigeria

Markets

Scams

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.

By Alyssa Hertig

Mar 3, 2021 at 5:00 p.m. UTC

Mar 3, 2021

ScamsNigeriaBlockchain AnalysisScammersinstagramCentral Bank of NigeriaWhitestreamIsraeli Ministry of Defense

Markets

Nigeria

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.

By Sandali Handagama

Feb 26, 2021 at 7:36 p.m. UTC

Feb 26, 2021

NigeriaBitcoin PriceLunoGlobal MacroCentral Bank of Nigeria