Central Bank of Nigeria - Page 6 of 7 - CoinGeek

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Central Bank of Nigeria

Nigeria CBDC already in development with plans for pilot testing in 2021: report

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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...

Nigeria SEC working with central bank to lift digital currency ban

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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...

Fintech startups in Nigeria lose access to gov’t KYC/AML verification tool

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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...

Nigeria’s central bank didn’t ban digital currencies, official clarifies

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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.

Nigeria rewarding users of mainstream remittance channels to combat digital currency use

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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.

Exclusive: Nigeria’s digital currency community speaks out on central bank ban

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9 March, 2021

Exclusive: Nigeria’s digital currency community speaks out on central bank ban

Despite thriving for years now, Nigeria’s digital currency industry faces its biggest threat yet following a central bank ban that...

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