Central Bank of Nigeria

Digital payments on the rise in Saudia Arabia and Nigeria
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27 January, 2026

Digital payments on the rise in Saudia Arabia and Nigeria

Saudi Arabia and Nigeria witness digital payment growth, with Saudi consumers embracing cashless methods and Nigeria's transactions soaring 276%.
Nigeria forms task force to study stablecoin adoption
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30 October, 2025

Nigeria forms task force to study stablecoin adoption

The Finance Ministry and central bank partnered on the task force, which will explore the monetary and policy implications of...
Nigeria’s central bank to launch open banking in August
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14 May, 2025

Nigeria’s central bank to launch open banking in August

Four years since it first approved open banking, CBN will finally launch it in August, allowing fintechs to tap into...
Nigeria’s first local stablecoin launches
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7 February, 2025

Nigeria’s first local stablecoin launches

cNGN stablecoin was approved by the central bank in January and is now available on local exchanges for retail and...
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...