Nigeria rolls out there eNaira digital foreign currency to cultivate economic development
Nigeria rolls

Nigeria rolls out there eNaira digital foreign currency to cultivate economic development

Home » Business » Nigeria rolls out eNaira digital currency to cultivate economic growth Nigeria launched its central bank digital currency (CBDC)—eNaira—this week, effectively becoming the first country in Africa to do so. President Muhammadu Buhari announced the official rollout of the central bank-backed eNaira at the State House in the nation’s capital, Abuja, with…

Nigeria CBDC website moves live as October release draws near
Nigeria website

Nigeria CBDC website moves live as October release draws near

Nigeria is set to roll out its central bank digital currency (CBDC) in October, and its official website has already gone live. The website touts the benefits of the CBDC, known as the eNaira, how the public can access and use it, its security features, and more. Nigeria revealed this year that it has been…

Nigeria programs CBDC rollout, Salvadoran retirees protest Bitcoin Legislation, Twitter to include BTC and ETH tipping function: Hodlers Digest, Aug. 29-Sept. 4
Nigeria plans

Nigeria programs CBDC rollout, Salvadoran retirees protest Bitcoin Legislation, Twitter to include BTC and ETH tipping function: Hodlers Digest, Aug. 29-Sept. 4

Nigeria plans CBDC rollout, Salvadoran retirees protest Bitcoin Law, Twitter to add BTC and ETH tipping feature: Hodler’s Digest, Aug. 29-Sept. 4

Nigeria freezes bank makes up about forex platforms, traps huge amount of money
freezes Nigeria

Nigeria freezes bank makes up about forex platforms, traps huge amount of money

Home » Business » Nigeria freezes bank accounts for forex platforms, traps millions of dollars Forex trading platforms in Nigeria are decrying recent actions by the country’s central bank that has seen them lose access to millions of dollars in their bank accounts. The Central Bank of Nigeria went to court to freeze their accounts,…

Nigeria to take into account upcoming CBDC while critical commercial infrastructure
Nigeria Upcoming

Nigeria to take into account upcoming CBDC while critical commercial infrastructure

Home » Business » Nigeria to consider upcoming CBDC as ‘critical national infrastructure’ Nigeria will classify its upcoming central bank digital currency as “critical national infrastructure,” a new report has revealed. This, the country’s central bank believes, will allow for better protection from operational and cybersecurity risks. Nigeria began exploring and researching the CBDC, which…

Nigeria eyes October launch for CBDC after 5 years of research
Nigeria October

Nigeria eyes October launch for CBDC after 5 years of research

Nigeria is set to launch its central bank digital currency (CBDC) within the next two months, the country’s central bank has revealed. In a webinar with stakeholders, a top central bank executive revealed that the West African country has been researching and developing the digital naira for the past five years. Rakiya Mohammed, the director…

Nigeria considering blockchain and AI for digital creativity efforts: Minister
looking Nigeria

Nigeria considering blockchain and AI for digital creativity efforts: Minister

Home » Tech » 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. This is according to the country’s Minister of Communications and Digital Economy, Isa Pantami. Speaking at a recent event, the minister revealed…

Nigeria CBDC already inside development with programs for pilot testing inside 2021: report
development Nigeria

Nigeria CBDC already inside development with programs for pilot testing inside 2021: report

Home » Business » Nigeria CBDC already in development with plans for pilot testing in 2021: report Nigeria’s central bank could launch a central bank digital currency pilot by the end of 2021. The West African country has been cracking down on digital currencies for months, but according to one report, it has been working…