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Central Bank of Nigeria

P2P digital currency ban looming in Nigeria as central bank halts fintech account opening

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8 May, 2024

P2P digital currency ban looming in Nigeria as central bank halts fintech account opening

Four leading fintech apps were directed to halt onboarding recently, and with the National Security Agency classifying digital currency as...

Nigeria’s central bank denies directive to freeze digital asset bank accounts

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27 April, 2024

Nigeria’s central bank denies directive to freeze digital asset bank accounts

After news outlets reported on the directive supposedly issued to multiple banks, the Central Bank of Nigeria denied it amid...

Nigeria’s central bank partners with blockchain firm to spark eNaira adoption

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14 March, 2024

Nigeria’s central bank partners with blockchain firm to spark eNaira adoption

The Central Bank of Nigeria has signed an MoU with Gluwa to integrate the startup’s blockchain-powered credit technology into the...

After lifting of CBN ban, Nigerian startups are applying for licenses: report

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28 January, 2024

After lifting of CBN ban, Nigerian startups are applying for licenses: report

CBN lifted the ban in December, allowing Nigerian banks to serve virtual asset service providers (VASPs), and according to one...

Stablecoins, enterprise adoption, regulations: Blockchain trends in Nigeria in 2024

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15 January, 2024

Stablecoins, enterprise adoption, regulations: Blockchain trends in Nigeria in 2024

Nigeria’s blockchain adoption will continue this year, with enterprise solutions taking center stage as blockchain goes beyond hype into the...

Central Bank of Nigeria reverses ban on digital currency transactions

Wahid Pessarlay

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2 January, 2024

Central Bank of Nigeria reverses ban on digital currency transactions

With the evolving trends globally, Nigeria has decided to loosen its grip on the digital asset class under its latest...

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