Stablecoins, enterprise adoption, regulations: Blockchain trends in Nigeria in 2024
Nigeria’s blockchain adoption will continue this year, with enterprise solutions taking center stage as blockchain goes beyond hype into the utility phase.
Latest cNGN News
Nigeria cNGN stablecoin won’t launch in February after all
The African Stablecoin Consortium has clarified that media reports of a February 27 launch are misinterpreted and are still in talks with regulators.
Nigerian banks to launch naira-pegged stablecoin cNGN in February
The new stablecoin will be overseen by the Africa Stablecoin Consortium, which includes leading commercial banks, the central bank, and other stakeholders.
eNaira low adoption pushes Nigerian banks to develop stablecoin
The cNGN stablecoin will not be a substitute to eNaira, which recorded dismal adoption figures since its inception, but would operate as a complement to push locals into adopting emerging tech.