The experts, in separate interviews with the News Agency of Nigeria (NAN), said whether the launch would be salutary or destabilizing would depend on how it is implemented. President Muhammadu Buhari, ...

The e-Naira introduced by the Central Bank of Nigeria (CBN) as digital currency will reduce the cost of annual diaspora remittances to Nigeria, the International Monetary Fund (IMF) has said.

In February, the central bank told banks and financial institutions that “facilitating payments for cryptocurrency exchanges is prohibited”. The bank moved to introduce the e-naira, which will count ...

Amid pomp and celebration, President Muhammadu Buhari last week launched Africa’s first digital currency, the e-Naira. With its jerky start, LUCAS AJANAKU writes on the need to urgently fix the ...

Fintech as a whole has been on the rise, with Nigerian firms raising $1.2 billion last year, making the country ripe for a forward-facing digital currency plan. In April 2023, touting its successes, ...

The Central Bank of Nigeria has explained the economic importance of e-naira, a digital currency it promised to launch by the end of 2021. The Director, Information and Technology, CBN, Rakitya ...

The Central Bank of Nigeria (CBN) has issued preliminary guidelines for its proposed e-naira digital currency. In a sensitization document sent to commercial banks in the country, the CBN outlined ...

Nigeria is struggling with severe cash shortages, with riots erupting across the country just days before a presidential election – but people are still not turning to the national digital currency, ...