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Nigeria

Nigeria to consider upcoming CBDC as ‘critical national infrastructure’
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16 August, 2021

Nigeria to consider upcoming CBDC as ‘critical national infrastructure’

Nigeria began exploring and researching the CBDC, which it has dubbed the e-Naira, five years ago under Project GIANT.
Nigeria eyes October launch for CBDC after 5 years of research
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27 July, 2021

Nigeria eyes October launch for CBDC after 5 years of research

The central bank has been working on Project GIANT since 2017, conducting research on the opportunities and risks it poses...
Nigeria looking at blockchain and AI for digital innovation efforts: Minister
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27 June, 2021

Nigeria looking at blockchain and AI for digital innovation efforts: Minister

Nigeria is exploring blockchain, artificial intelligence and other emerging technologies in its bid to promote an innovation-driven culture.
Nigeria CBDC already in development with plans for pilot testing in 2021: report
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26 June, 2021

Nigeria CBDC already in development with plans for pilot testing in 2021: report

The West African country has been cracking down on digital currencies for months, but according to one report, it has...
Nigeria SEC working with central bank to lift digital currency ban
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20 April, 2021

Nigeria SEC working with central bank to lift digital currency ban

The Securities and Exchange Commission acknowledged that a recent ban by the bank had disrupted Nigeria’s digital currency industry, while...
Fintech startups in Nigeria lose access to gov’t KYC/AML verification tool
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13 April, 2021

Fintech startups in Nigeria lose access to gov’t KYC/AML verification tool

Nigerian fintech startups, including those in the digital currency sector, have been relying on the bank verification number (BVN) as...
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