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Central Bank of Nigeria

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

Business

Steve Kaaru

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

Business

Steve Kaaru

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

Interviews

Steve Kaaru

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...

Regulate, don’t ban—Nigeria Senate tells central bank

Business

Steve Kaaru

16 February, 2021

Regulate, don’t ban—Nigeria Senate tells central bank

Senators want the Central Bank of Nigeria governor to brief its Banking Committee on why it ordered banks to shut...

Nigeria central bank prohibits banks from servicing digital currency firms

Business

Steve Kaaru

11 February, 2021

Nigeria central bank prohibits banks from servicing digital currency firms

Digital currency firms in Nigeria will now face a challenge that’s common in many other developing nations—the lack of basic...

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Steve Kaaru

31 Oct 2025

Central Bank of Nigeria

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

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

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

Regulate, don’t ban—Nigeria Senate tells central bank

Nigeria central bank prohibits banks from servicing digital currency firms

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