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eNaira

Nigeria’s central bank on hunt for new tech partners in bid to fix ‘broken’ CBDC
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24 February, 2023

Nigeria’s central bank on hunt for new tech partners in bid to fix ‘broken’ CBDC

To salvage its ailing central bank digital currency project, the Central Bank of Nigeria seeks new partnerships to help innovate...
Nigeria’s economy grinding to a halt due to cash shortage—is time for Bitcoin?
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8 February, 2023

Nigeria’s economy grinding to a halt due to cash shortage—is time for Bitcoin?

Nigeria is replacing its paper money with redesigned currency notes, and with people queueing for hours just to get $43,...
Nigeria to explore ICOs and stablecoins to broaden payments landscape
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18 January, 2023

Nigeria to explore ICOs and stablecoins to broaden payments landscape

Nigeria published a new policy document, pledging to rethink its ICO stance to attract FDI as well as a blockchain-based...
BIS: African central banks pushing for CBDCs, but their motivation differs from other regions
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30 November, 2022

BIS: African central banks pushing for CBDCs, but their motivation differs from other regions

Bank for International Settlements found that payment system efficiency is the key motivator, but unlike other regions, African central banks...
Nigeria resorts to auto rickshaws to drive eNaira adoption
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30 October, 2022

Nigeria resorts to auto rickshaws to drive eNaira adoption

The lack of clarity on CBDCs and virtual currencies among Nigerians led to a slump in eNaira adoption rates, forcing...
Nigeria slashes eNaira’s merchant service charge by 50% to spur adoption
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4 September, 2022

Nigeria slashes eNaira’s merchant service charge by 50% to spur adoption

Since its launch in October 2021, the eNaira has seen lackluster uptake, and the Central Bank of Nigeria is seeking...
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