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Central Bank of Nigeria

eNaira doesn’t threaten financial stability: Nigeria’s central bank

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14 October, 2023

eNaira doesn’t threaten financial stability: Nigeria’s central bank

The Central Bank of Nigeria says that a paper it published two weeks ago has been misrepresented by news outlets...

Nigeria’s central bank upgrades eNaira with NFC, programmability features

Wahid Pessarlay

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22 July, 2023

Nigeria’s central bank upgrades eNaira with NFC, programmability features

Joseph Angaye, deputy director of the Central Bank of Nigeria’s risk management department, disclosed that the CBN will continue to...

Nigeria ends 3-year ban on naira payments for remittances

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20 July, 2023

Nigeria ends 3-year ban on naira payments for remittances

Nigeria has now lifted a ban that it placed in 2020 allowing remittance payments only in the USD—experts say the...

Central Bank of Nigeria greenlights use of CBDC for international remittances

Wahid Pessarlay

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27 June, 2023

Central Bank of Nigeria greenlights use of CBDC for international remittances

International money transfer operators are expected to apply for a one-time license to pay out funds in the eNaira, with...

eNaira faces uncertain future after ousting of Nigeria’s central bank governor

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21 June, 2023

eNaira faces uncertain future after ousting of Nigeria’s central bank governor

Godwin Emefiele was dismissed by the new president 10 days after his administration took over and has been held by...

IMF lauds eNaira in its 1-year assessment but cautions against intermediation

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25 May, 2023

IMF lauds eNaira in its 1-year assessment but cautions against intermediation

The International Monetary Fund says the eNaira has proven that a CBDC can work, but it says Nigeria has room...

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