04-18-2025 
Central Bank of Nigeria
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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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26 June, 2021
Nigeria CBDC already in development with plans for pilot testing in 2021: report
The West African country has been cracking down on digital currencies for months, but according to one report, it has...
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20 April, 2021
Nigeria SEC working with central bank to lift digital currency ban
The Securities and Exchange Commission acknowledged that a recent ban by the bank had disrupted Nigeria’s digital currency industry, while...
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13 April, 2021
Fintech startups in Nigeria lose access to gov’t KYC/AML verification tool
Nigerian fintech startups, including those in the digital currency sector, have been relying on the bank verification number (BVN) as...
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24 March, 2021
Nigeria’s central bank didn’t ban digital currencies, official clarifies
The central bank’s directive only applied to banks, prohibiting them from processing transactions related to digital currencies, an official said.
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13 March, 2021
Nigeria rewarding users of mainstream remittance channels to combat digital currency use
The Central Bank of Nigeria announced its “Naira 4 Dollar Scheme” recently, targeting diaspora remittances.
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