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Central Bank of Nigeria

Nigeria upgrades eNaira to widen payments scope
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13 May, 2022

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...
IMF: Nigeria’s eNaira could be used for terrorism financing, money laundering
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28 February, 2022

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...
Nigeria’s eNaira mobile app sees 500,000 downloads weeks after launch
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19 November, 2021

Nigeria’s eNaira mobile app sees 500,000 downloads weeks after launch

The Central Bank of Nigeria further said that $150,000 had been transacted on its app, with 78,000 merchants from 160...
Nigeria central bank freezes 3 accounts over digital currency trading
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12 November, 2021

Nigeria central bank freezes 3 accounts over digital currency trading

The Central Bank of Nigeria froze two bank accounts of individuals and one business account that it claims have been...
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...
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