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eNaira

eNaira hits $10M in transactions as Nigeria central bank targets 10-fold growth
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24 August, 2022

eNaira hits $10M in transactions as Nigeria central bank targets 10-fold growth

The eNaira adoption has been lackluster, with the total transaction volume over the past year being just a fraction of...
Nigeria’s eNaira now available via USSD to boost adoption and financial inclusion
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19 June, 2022

Nigeria’s eNaira now available via USSD to boost adoption and financial inclusion

The central bank believes that making the eNaira available to feature phone users will boost uptake, although some are skeptical...
Nigeria SEC publishes digital asset regulations amid central bank crackdown
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20 May, 2022

Nigeria SEC publishes digital asset regulations amid central bank crackdown

The securities regulator has issued policies for ICO issuers, digital asset exchanges, custodians, VASPs, and when assets qualify as securities,...
Nigeria upgrades eNaira to widen payments scope
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13 May, 2022

Nigeria upgrades eNaira to widen payments scope

The Central Bank of Nigeria said the upgrade makes onboarding easier, makes the wallet faster, and allows users to create...
PwC: More than 80% of central banks have considered launching CBDC
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9 April, 2022

PwC: More than 80% of central banks have considered launching CBDC

The PwC Global CBDC Index placed Nigeria and the Bahamas at the top of the retail CBDC developments, with Thailand...
IMF: Nigeria’s eNaira could be used for terrorism financing, money laundering
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28 February, 2022

IMF: Nigeria’s eNaira could be used for terrorism financing, money laundering

The IMF says that eNaira could raise financial inclusion to meet the ambitious target of 95%, but says Nigeria must...
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