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Tag: digital currency

95 Days After Launch, eNaira Wallets’ Download Near 700,000

Central Bank Digital Currency (CBDC), also known as the eNaira
The Central Bank of Nigeria (CBN) digital currency, eNaira, has continued to attract the interest of Nigeria’s banking public at home and across the world, with its total downloads hittingRead More

CBN Partners Payment System Providers, Fintechs to Deepen eNaira Adoption

Central Bank Digital Currency (CBDC), also known as the eNaira
Says apex bank not competing with banks Unveils digital financial inclusion programme for women, youths The Central Bank of Nigeria (CBN) yesterday said it was working with key stakeholders inRead More

IMF: Nigeria’s eNaira Attracting Global Attention

Central Bank Digital Currency (CBDC), also known as the eNaira
Tasks CBN on risk management The International Monetary Fund (IMF) has revealed that Nigeria’s digital currency, the eNaira has been “drawing substantial interest from the outside world,” since it wasRead More

Enthusiasm Trails eNaira As Nigerians Download 200,000 Wallets In 24 Hours

Central Bank Digital Currency (CBDC), also known as the eNaira
In the first 24 hours after it was unveiled, the Central Bank Digital Currency (CBDC), also known as the eNaira has continued to attract the interest of Nigerians with aboutRead More

CBN: $2bn Spent On Wheat Importation Annually

Central Bank of Nigeria (CBN)
Moves to boost local production, address challenges in commodity value chain Says eNaira will boost monetary policy transmission, others, caps transactions Cashless policy: Court rejects alleged discriminatory bank charges imposedRead More

Bitcoin Tumbles As China Declares Cryptocurrency Transactions Illegal

Bitcoin
The Chinese government yesterday intensified its crackdown on cryptocurrencies by declaring that all crypto-related transactions were now illegal in the country. Bitcoin responded negatively to this crackdown when it fellRead More

Digital Currency Gains Traction As CBN Appoints Technical Partner

Central Bank of Nigeria vs Cryptocurrency
IMF urges caution on adoption of cryptocurrency as national currency The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company, Bitt Inc., as technical partnerRead More

Open Letter To The Nigerian Government: Pursue Bitcoin Standard

Bitcoin Nigeria
An Open Letter To The Nigerian Government: Pursue A Bitcoin Standard. An NFL star and Nigerian descendant Russell Okung asks the Nigerian government to adopt a Bitcoin standard or riskRead More

JPMorgan: Big Institutional Investors Dumping Bitcoin, Going Back Into Gold

Bitcoin
Based on open interest in CME Bitcoin futures contracts, the firm said large investors are shifting away from Bitcoin after favoring the digital currency over gold beginning last fall. TheRead More

IMF Backs CBN, Cautions Against Cryptocurrency Transactions

International Monetary Fund (IMF)
The International Monetary Fund (IMF) has cautioned against transacting in cryptocurrency, saying regulating the digital currency remains a concern not just to the Central Bank of Nigeria (CBN) but toRead More