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Nigeria

Nigeria’s SEC sets up division focused on digital currency investments
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9 September, 2021

Nigeria’s SEC sets up division focused on digital currency investments

The regulator intends to use the new fintech division to assess the feasibility of digital currency investments and decide on...
Nigeria’s central bank reveals CBDC guidelines and plans to launch digital wallet
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2 September, 2021

Nigeria’s central bank reveals CBDC guidelines and plans to launch digital wallet

The Central Bank of Nigeria plans to mint and issue the CBDC while commercial banks will be in charge of...
Nigeria freezes bank accounts for forex platforms, traps millions of dollars
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25 August, 2021

Nigeria freezes bank accounts for forex platforms, traps millions of dollars

The Central Bank of Nigeria has moved to court to freeze the bank accounts of forex trading platforms, claiming they...
Nigeria to consider upcoming CBDC as ‘critical national infrastructure’
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16 August, 2021

Nigeria to consider upcoming CBDC as ‘critical national infrastructure’

Nigeria began exploring and researching the CBDC, which it has dubbed the e-Naira, five years ago under Project GIANT.
Nigeria eyes October launch for CBDC after 5 years of research
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27 July, 2021

Nigeria eyes October launch for CBDC after 5 years of research

The central bank has been working on Project GIANT since 2017, conducting research on the opportunities and risks it poses...
Nigeria looking at blockchain and AI for digital innovation efforts: Minister
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27 June, 2021

Nigeria looking at blockchain and AI for digital innovation efforts: Minister

Nigeria is exploring blockchain, artificial intelligence and other emerging technologies in its bid to promote an innovation-driven culture.
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