enaira

Video

Bloomberg

Nigeria's eNaira Wallet Use Jumps Amid Cash Shortages: Bloomberg

Nigerians have been turning to the country's central bank digital currency CBDC e Naira amid cash shortages according to Bloomberg The number of e Naira wallets has jumped more than 12 fold to 13 million since October and the value of transactions has climbed 63 this year The CBDC was introduced in October 2021 The [...]

By CoinDesk Inc

Sponsored

Mar 22, 2023 at 5:30 p.m. UTC

Mar 22, 2023

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Policy

Regulations

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.

By Camomile Shumba

Sponsored

Mar 22, 2023 at 12:02 p.m. UTC

Mar 22, 2023

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Podcasts

Podcasts

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.

By Adam B. LevineAdrian Blust

Sponsored

Mar 5, 2023 at 11:00 a.m. UTC

Mar 5, 2023

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Policy

Crypto

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.

By Sandali HandagamaCamomile Shumba

Sponsored

Mar 1, 2023 at 11:13 a.m. UTC

Mar 1, 2023

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Video

Cdtv

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 national digital currency the e Naira which promised to improve retail payments The Hash panel discusses the case for crypto adoption and CBD Cs in Nigeria amid economic uncertainty [...]

By CoinDesk Inc

Sponsored

Feb 24, 2023 at 6:12 p.m. UTC

Feb 24, 2023

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Policy

Analysis

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.

By Camomile Shumba

Sponsored

Feb 24, 2023 at 10:14 a.m. UTC

Feb 24, 2023

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Policy

Regulations

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 report.

By Sandali Handagama

Sponsored

Feb 21, 2023 at 1:01 p.m. UTC

Feb 21, 2023

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Video

Cbdc

State of Nigeria’s Central Bank Digital Currency Pilot

Nigeria’s central bank digital currency (CBDC), the eNaira, is in its second week of operations since it went live Oct. 25. Yele Bademosi, CEO and founding partner of Nigeria-based Nestcoin, discusses the latest on the rollout, use cases of the eNaira, and the wider state of crypto affairs in the country.

By CoinDesk Staff

Sponsored

Nov 9, 2021 at 4:31 p.m. UTC

Nov 9, 2021

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Video

Privacy

Bitt CEO on Developing Nigeria’s Central Bank Digital Currency ‘eNaira’

Nigeria has become the first African country to roll out a central bank digital currency CBDC The Central Bank of Nigeria CBN worked with blockchain and payments startup Bitt Inc to launch the e Naira Bitt CEO Brian Popelka shares insights into the partnership and e Naira’s use cases Plus implications for privacy and financial [...]

By CoinDesk Staff

Sponsored

Oct 29, 2021 at 4:16 p.m. UTC

Oct 29, 2021

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Video

Cdtv

Nigeria’s Central Bank Digital Currency eNaira Goes Live

The official unveiling of the eNaira, Nigeria’s central bank digital currency (CBDC), happened Monday. It is designed to complement the country’s physical currency, not replace it, according to an official announcement. This comes as Nigeria banned crypto transactions within its banking sector in February.

By CoinDesk Staff

Sponsored

Oct 25, 2021 at 6:37 p.m. UTC

Oct 25, 2021

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