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eNaira

Nigeria ends 3-year ban on naira payments for remittances
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20 July, 2023

Nigeria ends 3-year ban on naira payments for remittances

Nigeria has now lifted a ban that it placed in 2020 allowing remittance payments only in the USD—experts say the...
Central Bank of Nigeria greenlights use of CBDC for international remittances
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27 June, 2023

Central Bank of Nigeria greenlights use of CBDC for international remittances

International money transfer operators are expected to apply for a one-time license to pay out funds in the eNaira, with...
eNaira faces uncertain future after ousting of Nigeria’s central bank governor
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21 June, 2023

eNaira faces uncertain future after ousting of Nigeria’s central bank governor

Godwin Emefiele was dismissed by the new president 10 days after his administration took over and has been held by...
IMF lauds eNaira in its 1-year assessment but cautions against intermediation
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25 May, 2023

IMF lauds eNaira in its 1-year assessment but cautions against intermediation

The International Monetary Fund says the eNaira has proven that a CBDC can work, but it says Nigeria has room...
Cash shortage sparks 63% spike in eNaira transactions
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26 March, 2023

Cash shortage sparks 63% spike in eNaira transactions

Nigeria’s cash shortage amid the botched note replacement program has been a big win for eNaira, with e-wallets now at...
Nigeria’s president-elect pledges to champion blockchain in revenue collection, banking
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15 March, 2023

Nigeria’s president-elect pledges to champion blockchain in revenue collection, banking

Bola Tinubu takes over from Muhammad Buhari who banned banks from servicing VASPs, and says he’ll do better and push...
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