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Nigeria

IMF: Nigeria’s eNaira could be used for terrorism financing, money laundering
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28 February, 2022

IMF: Nigeria’s eNaira could be used for terrorism financing, money laundering

The IMF says that eNaira could raise financial inclusion to meet the ambitious target of 95%, but says Nigeria must...
Kenya explores CBDC, calls for public feedback
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18 February, 2022

Kenya explores CBDC, calls for public feedback

The Central Bank of Kenya published a discussion paper on central bank digital currency, noting that a CBDC-powered cross-border remittance...
Zambia exploring CBDC, but warns against digital currencies: report
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13 February, 2022

Zambia exploring CBDC, but warns against digital currencies: report

The Zambian central bank has been conducting research on a central bank digital currency, an executive told Bloomberg, weeks after...
2021 year in review: Bitcoin comes of age in Africa
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31 December, 2021

2021 year in review: Bitcoin comes of age in Africa

2021 had it all in Africa for digital currencies—adoption soared by 1,200% as Kenya led global P2P trades, but there...
Nigeria’s eNaira mobile app sees 500,000 downloads weeks after launch
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19 November, 2021

Nigeria’s eNaira mobile app sees 500,000 downloads weeks after launch

The Central Bank of Nigeria further said that $150,000 had been transacted on its app, with 78,000 merchants from 160...
Nigeria central bank freezes 3 accounts over digital currency trading
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12 November, 2021

Nigeria central bank freezes 3 accounts over digital currency trading

The Central Bank of Nigeria froze two bank accounts of individuals and one business account that it claims have been...
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