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Central Bank of Nigeria

News 

Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low

September 28, 2022 admin Africa, Black market exchange rate, Central Bank of Nigeria, inflation rate, monetary policy committee, monetary policy rate, MPC, naira depreciation, naira exchange rate

Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary

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News 

Report: Nigerian Central Bank Targets Tenfold Increase in Number of CBDC Users, Governor Says Use of Cash Will ‘Dissipate to Zero’

August 23, 2022 admin CBDC, CBN governor, Central Bank of Nigeria, Cryptocurrencies, Digital Currency, digital economy, e-naira, Emerging Markets, Godwin Emefiele, Unbanked

Despite the apparent slow embrace of the e-naira digital currency by Nigerians, the Central Bank of Nigeria governor has said

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News 

Nigerian Lenders Frustrating CBDC’s Adoption — Central Bank Governor

July 21, 2022 admin Central Bank of Nigeria, Digital Currency, e-naira, Emerging Markets, Godwin Emefiele, inflation, interest rate, Mobile banking, monetary policy committee, MTN

Apathetic Nigerian lenders are frustrating the e-naira’s adoption because they are worried this could deprive them of a key revenue

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News 

Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official

March 3, 2022 admin CBDC, Central Bank of Nigeria, Digital Currency, financial inclusion, financial stability, Fintech, National Bank of Rwanda, Rwanda Fintech Network, Soraya Hakuziyaremye

The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes

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News 

Nigerian Experts: CBDC Still Unattractive to Users Despite Claim of ‘Excellent’ Adoption Rate

December 13, 2021 admin CBDC, cbn, Central Bank of Nigeria, Cryptocurrencies, Digital Currency, e-naira, Emerging Markets, financial inclusion

Nigerian blockchain and cryptocurrency experts have suggested that many prospective users will only consider adopting the e-naira once the central

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News 

CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari

October 28, 2021 admin CBDC, Central Bank of Nigeria, Digital Currency, e-naira launch, Emerging Markets, financial inclusion, Monetary Policy, Muhammadu Buhari, payment systems

The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could

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News 

Nigerian President Muhammadu Buhari to Unveil Country’s CBDC

October 25, 2021 admin CBDC, Central Bank of Nigeria, Digital Currency, e-naira launch, Fintech, Muhammadu Buhari, unbanked population

The Nigerian President, Muhammadu Buhari, is expected to formally launch the country’s central bank digital currency (CBDC) on October 25,

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News 

Nigeria Central Bank Governor Says CBDC Launch Just ‘a Couple of Days’ Away

October 10, 2021 admin CBDC, Central Bank, Central Bank of Nigeria, e-naira, e-naira launch, Emefiele, Emerging Markets, financial inclusion, Godwin Emefiele, Nigeria, remittances

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has confirmed the country’s upcoming digital currency will be

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News 

Nigerians Optimistic CBDC Will Improve Payments and Help Promote Cryptocurrencies

October 7, 2021 admin Blockchain, CBDC, CBN crypto, Central Bank of Nigeria, e-naira, e-naira launch, e-Wallet, Fintech

Nigerians are hopeful the planned central bank digital currency (CBDC), also known as the e-naira, is going to enhance cross-border

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News 

E-Naira Countdown: Nigerian Experts Question Selection of Bitt Inc as Central Bank’s Fintech Partner

September 10, 2021 admin Abu Idrissee, Adedoja Olawale, Bitt Inc, Central Bank of Nigeria, Fintech, fintech firms, forex market, Market Capitalization, National Information Technology Development Agency, NITDA

Nigerian fintech entrepreneurs have slammed the Central Bank of Nigeria (CBN)’s decision to select Bitt Inc as its fintech partner.

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