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Nigeria

Stay updated on Nigeria's rapid adoption of blockchain technology and the evolving cryptocurrency landscape.

Nigeria

Stay updated on Nigeria's rapid adoption of blockchain technology and the evolving cryptocurrency landscape.

Nigeria   -   Feb 24, 2024 Main Issue or Scapegoat? Nigeria Blocks Crypto Exchange Websites
Main Issue or Scapegoat? Nigeria Blocks Crypto Exchange Websites

Nigeria's government has put a non-legally binding ban on access to cryptocurrency exchanges.

Nigeria   -   Sep 23, 2023 The Collapse of the Naira has Pushed Nigerians Towards Cryptocurrency
Nigeria e-Naira Michael Cardoso

Since the new exchange rate kicked in, Nigeria’s national currency has fallen to a record low, leading people to find payment alternatives through crypto.

Nigeria Goes After Crypto Exchanges, Binance Execs Reportedly Detained
Exchanges   -   Mar 01, 2024 Nigeria Goes After Crypto Exchanges, Binance Execs Reportedly Detained

This move follows the country’s decision to ban several crypto exchange websites amid the rapid devaluation of the naira.

Sasha Markevich
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Exchanges   -   Mar 01, 2024 Nigeria Goes After Crypto Exchanges, Binance Execs Reportedly Detained
Nigeria Goes After Crypto Exchanges, Binance Execs Reportedly Detained

This move follows the country’s decision to ban several crypto exchange websites amid the rapid devaluation of the naira.

Sasha Markevich
Nigeria   -   Feb 24, 2024 Main Issue or Scapegoat? Nigeria Blocks Crypto Exchange Websites
Main Issue or Scapegoat? Nigeria Blocks Crypto Exchange Websites

Nigeria's government has put a non-legally binding ban on access to cryptocurrency exchanges.

Eva Senzaj Pauram
Nigeria   -   Sep 23, 2023 The Collapse of the Naira has Pushed Nigerians Towards Cryptocurrency
Nigeria e-Naira Michael Cardoso

Since the new exchange rate kicked in, Nigeria’s national currency has fallen to a record low, leading people to find payment alternatives through crypto.

Eva Senzaj Pauram
CBDC   -   May 05, 2023 Nigeria CBN Does Not Give up On eNaira CBDC. SEC Mules Tokenization of Equity
Nigeria CBN Does Not Give up On eNaira CBDC. SEC Mules Tokenization of Equity

In the latest developments on eNaira, the central bank of Nigeria (CBN) has intensified efforts to push the adoption of eNaira, Nigeria's CBDC, on a nationwide scale.

Observers
CBDC   -   Mar 27, 2023 eNaira CBDC Fails to Succeed in Nigeria Even as the Country Faces Severe Cash Scarcity
eNaira CBDC Fails to Succeed in Nigeria Even as the Country Faces Severe Cash Scarcity

Cash scarcity in Nigeria is crippling local businesses and taking a toll on Nigerians’ daily lives but even amidst all the social chaos the Central Bank Digital Currency, eNaira, isn’t going anywhere.

Observers
CBDC   -   Jan 21, 2023 Nigeria Non-cash Struggles
Nigeria Cash eNaira ATM restrictions cash withdrawal CBN

The Central Bank of Nigeria has slightly eased the cash withdrawal limits policy announced earlier. Nigeria is still on route to a full non-cash economy

Alex Harutunian
CBDC   -   Dec 15, 2022 Digitalization by Restrictions. A Local's Perspective on Nigeria’s CBDC Push.
eNaira application and Naira cash banknotes

The Central Bank of Nigeria (CBN) issued a new cash withdrawal limit policy with effect from January 9, 2023, to push eNaira.

Alex Harutunian
CBDC   -   Sep 27, 2022 Nigerian fintech Flutterwave receives Central Bank's key payment license, promotes eNaira
Flutterwave logo with Nigerian National Bank background

The Central Bank of Nigeria (CBN) has granted Flutterwave, a switching and processing license for electronic payments, as the firm seeks to extend its services across the African country. Flutterwave made a significant effort to streamline adoption of eNaira

Alex Harutunian
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