FATF adds Nigeria, South Africa to dirty money grey list
FATF says Africa’s two largest economies must do better to fight money laundering, with both countries decrying the listing as they’ve made “substantial efforts.”
Latest Central Bank of Nigeria News
Nigeria’s central bank on hunt for new tech partners in bid to fix ‘broken’ CBDC
To salvage its ailing central bank digital currency project, the Central Bank of Nigeria seeks new partnerships to help innovate eNaira's features and improve its adoption rate.
Nigeria’s economy grinding to a halt due to cash shortage—is time for Bitcoin?
Nigeria is replacing its paper money with redesigned currency notes, and with people queueing for hours just to get $43, the economy is grinding to a halt.
Nigeria’s central bank launches fintech regulatory sandbox
The Central Bank of Nigeria has called on innovators in the fintech space to apply with the recently launched regulatory sandbox, with Ghana’s central bank announcing a similar project.
Nigeria to explore ICOs and stablecoins to broaden payments landscape
Nigeria published a new policy document, pledging to rethink its ICO stance to attract FDI as well as a blockchain-based CBDC amid slow eNaira uptake.
Nigeria to legalize digital assets with new bill
The bill recognizes digital assets and gives the apex bank and SEC jurisdiction over the sector, months after CBN banned VASPs from accessing banking services.
Nigeria slashes eNaira’s merchant service charge by 50% to spur adoption
Since its launch in October 2021, the eNaira has seen lackluster uptake, and the Central Bank of Nigeria is seeking to remedy this in its latest move.
eNaira hits $10M in transactions as Nigeria central bank targets 10-fold growth
The eNaira adoption has been lackluster, with the total transaction volume over the past year being just a fraction of the digital assets trading volume.
Nigeria SEC: We have the best Bitcoin regulations in Africa
A commissioner for Nigeria’s securities regulator said that it’s trying to catch up with the United States in Bitcoin regulations and outlined where the central bank comes in.
Nigeria SEC publishes digital asset regulations amid central bank crackdown
The securities regulator has issued policies for ICO issuers, digital asset exchanges, custodians, VASPs, and when assets qualify as securities, but the central bank is still hostile.
Nigeria upgrades eNaira to widen payments scope
The Central Bank of Nigeria said the upgrade makes onboarding easier, makes the wallet faster, and allows users to create a much wider range of payments.
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 be vigilant as it poses several risks.