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Nigeria

Cash shortage sparks 63% spike in eNaira transactions
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26 March, 2023

Cash shortage sparks 63% spike in eNaira transactions

Nigeria’s cash shortage amid the botched note replacement program has been a big win for eNaira, with e-wallets now at...
Nigeria’s president-elect pledges to champion blockchain in revenue collection, banking
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15 March, 2023

Nigeria’s president-elect pledges to champion blockchain in revenue collection, banking

Bola Tinubu takes over from Muhammad Buhari who banned banks from servicing VASPs, and says he’ll do better and push...
FATF adds Nigeria, South Africa to dirty money grey list
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2 March, 2023

FATF adds Nigeria, South Africa to dirty money grey list

FATF says Africa’s two largest economies must do better to fight money laundering, with both countries decrying the listing as...
Nigeria’s central bank on hunt for new tech partners in bid to fix ‘broken’ CBDC
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24 February, 2023

Nigeria’s central bank on hunt for new tech partners in bid to fix ‘broken’ CBDC

To salvage its ailing central bank digital currency project, the Central Bank of Nigeria seeks new partnerships to help innovate...
Nigeria’s economy grinding to a halt due to cash shortage—is time for Bitcoin?
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8 February, 2023

Nigeria’s economy grinding to a halt due to cash shortage—is time for Bitcoin?

Nigeria is replacing its paper money with redesigned currency notes, and with people queueing for hours just to get $43,...
Nigeria’s central bank launches fintech regulatory sandbox
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2 February, 2023

Nigeria’s central bank launches fintech regulatory sandbox

The Central Bank of Nigeria has called on innovators in the fintech space to apply with the recently launched regulatory...
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