enaira

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

Lagos, Nigeria (Nupo Deyon Daniel/Unsplash)
Nigeria Is Altering eNaira Model to Promote Use of the Digital Currency: Central Bank
For many citizens, the central bank digital currency isn't easy to use.
Lagos, Nigeria (Nupo Deyon Daniel/Unsplash)

Nestcoin CEO on State of Crypto in Nigeria
Nestcoin CEO on State of Crypto in Nigeria
Nigeria's government recently approved a national blockchain policy as part of the country's effort to transition to a digital economy. Nestcoin CEO and co-founder Yele Bademo...
Nestcoin CEO on State of Crypto in Nigeria

Nigeria's eNaira Wallet Use Jumps Amid Cash Shortages: Bloomberg
Nigeria's eNaira Wallet Use Jumps Amid Cash Shortages: Bloomberg
Nigerians have been turning to the country's central bank digital currency (CBDC) eNaira, amid cash shortages, according to Bloomberg. The number of eNaira wallets has jumped...
Nigeria's eNaira Wallet Use Jumps Amid Cash Shortages: Bloomberg

A shortage of cash in Nigeria has prompted more Nigerians to use the country's digital currency. (TVC News)
Nigeria's eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg
The number of eNaira wallets has jumped more than 12-fold to 13 million since October, and the value of transactions has climbed 63% this year.
A shortage of cash in Nigeria has prompted more Nigerians to use the country's digital currency. (TVC News)

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Weekend Story | Why Nigerians Aren't Turning to the eNaira Despite Crippling Cash Shortages
On today’s show we’re taking a closer look at how one African country’s CBDC experiment isn’t quite going as planned, courtesy of CoinDesk regulatory reporter Camomile Shumba.
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Nigeria has elected a new president in a disputed election. (Emmanuel Ikwuegbu/Unsplash)
Nigeria Picks Bola Tinubu as President Amid Cash Shortages
Tinubu will replace Muhammadu Buhari, whose government issued the eNaira and banned banks from interacting with crypto firms.
Nigeria has elected a new president in a disputed election. (Emmanuel Ikwuegbu/Unsplash)

Nigeria's Digital Currency eNaira Faces Setback Despite Cash Shortages
Nigeria's Digital Currency eNaira Faces Setback Despite Cash Shortages
Nigeria is struggling with severe cash shortages, with riots erupting across the country just days before a presidential election. Still, people are not turning to the nationa...
Nigeria's Digital Currency eNaira Faces Setback Despite Cash Shortages

Nigerians form long queues at ATMs as cash shortages continue. (TVC News)
Why Nigerians Aren't Turning to the eNaira Despite Crippling Cash Shortages
A lack of infrastructure, merchants and interest may all be reasons why more people in the country aren't using the digital currency.
Nigerians form long queues at ATMs as cash shortages continue. (TVC News)

(Emmanuel Ikwuegbu/Unsplash)
Nigeria's Central Bank in Talks With Blockchain Platform R3 for CBDC Revamp: Bloomberg
The central bank wants full control of the eNaira, and is in early talks with blockchain platform R3 to develop a new system to support the digital currency, according to the...
(Emmanuel Ikwuegbu/Unsplash)