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Nigeria Explores Stablecoin Amidst eNaira Challenges
Cbn

Nigeria Explores Stablecoin Amidst eNaira Challenges

Nigeria's central bank forms a task force to explore stablecoin adoption, questioning the future of eNaira as stablecoins gain traction in the country.

CBN Reports $26 Billion in Cryptocurrency Flows Through Binance Nigeria
Cbn

CBN Reports $26 Billion in Cryptocurrency Flows Through Binance Nigeria

CBN reveals $26 billion transacted through Binance Nigeria from unknown sources, raising concerns amid naira's decline and increasing regulatory actions.

Nigerian Government Enhances eNAIRA to Draw Financial Inclusion
Cbn

Nigerian Government Enhances eNAIRA to Draw Financial Inclusion

The Central Bank of Nigeria (CBN) has announced the upgrade to its Central Bank Digital Currency (CBDC) dubbed the eNAIRA.

Nigeria's Central Bank Freezes Bank Accounts Linked to Suspected Illegal Crypto Traders
Cbn

Nigeria's Central Bank Freezes Bank Accounts Linked to Suspected Illegal Crypto Traders

The central bank of Nigeria has ordered a directive to freeze the bank accounts associated with two individuals and a firm suspected of illegally engaging in crypto trading.

MAS Shortlists 15 Firms to Help Pilot its CBDC Program
Cbn

MAS Shortlists 15 Firms to Help Pilot its CBDC Program

15 candidates have been chosen to continue vying for the role to help deploy Singapore's CBDC program