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Nigeria eyes national Nigerium blockchain for data sovereignty
A local university proposed Nigerium to NITDA, with some initial use cases including land registration, certificate verification and digital identity.
A local university proposed Nigerium to NITDA, with some initial use cases including land registration, certificate verification and digital identity.
Chinese authorities insist that monitoring is only a concern with large transactions, as the digital yuan can be used for small transactions with minimal oversight.
The Central Bank of Nigeria has signed an MoU with Gluwa to integrate the startup’s blockchain-powered credit technology into the eNaira, introducing new use cases for the CBDC.
Nigeria’s blockchain adoption will continue this year, with enterprise solutions taking center stage as blockchain goes beyond hype into the utility phase.
The African Stablecoin Consortium has clarified that media reports of a February 27 launch are misinterpreted and are still in talks with regulators.
The new stablecoin will be overseen by the Africa Stablecoin Consortium, which includes leading commercial banks, the central bank, and other stakeholders.
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.
Digital assets came of age in 2023, moving beyond speculation and impacting remittances and payments as regulators started getting a grip on the industry.
Centbee Founder and CEO Lorien Gamaroff talked about what should guide our decision-making, what blockchain needs to succeed in emerging economies, and blockchain opportunities in Africa.
The Central Bank of Nigeria says that a paper it published two weeks ago has been misrepresented by news outlets and defended the eNaira against claims of being a threat to Nigeria.
The central bank didn’t reveal details on how it would amend Africa’s first CBDC but says the goal is to raise the volume and activity of eNaira wallet holders.
Joseph Angaye, deputy director of the Central Bank of Nigeria’s risk management department, disclosed that the CBN will continue to leverage innovative technologies like the NFC to improve user experience.