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Nigeria’s CBDC eNaira records $10M in transaction since October CBDCs 2 years agoOver 270,000 users actively used the Nigeria's eNaira CBDC since its launch and have completed transactions worth $10 million.
Naira now has a third “crypto exchange rate” as Nigerians rely heavily on crypto Adoption 2 years agoNigeria's dual exchange rate system becomes triple with the emergence of the crypto exchange rate of Naira, as Nigerians turn to crypto due to low confidence in Naira.
Nigerian banks impede e-Naira adoption over concerns it will impact banking revenue CBDCs 2 years agoNigeria's low-cost digital currency e-Naira is having gaining traction as banks are reluctant to promote it due to concerns that it will impact their revenue.
Nigeria and Developing Africa Group ink deal to launch a crypto project on Algorand Adoption 2 years agoThe project seeks to enable the international commercialization of all IP forms created and registered within Nigeria.
Nigerian firm Looty looks to repatriate stolen African art in digital form NFTs 2 years agoLooty aims to find all looted African artwork and recreate it digitally in the form of 3D NFTs.
Despite CBN ban, Nigeriaโs Bitcoin P2P trades rose by 16% Adoption 2 years agoNigerians have cumulatively transacted around $400 million worth of transactions among themselves.
Nigerians attack Binance, trends #BinanceStopScamming Exchanges 2 years agoBinance has frozen the account of several of its users in Nigeria without giving them a tangible reason.
Nigeriaโs eNaira stablecoin becomes focus of new IMF report Stablecoins 2 years agoIMF has revealed that Nigeriaโs eNaira project is drawing interest from around the globe though it could still face some challenges.
Nigeriaโs central bank orders closure of crypto-related accounts Banking 3 years agoThe Nigerian Central bank in a circular has ordered financial institutions in the country to closed bank accounts related to crypto.
Nigeria ranks ahead of U.S., others in crypto ownership. Bitcoin remains hot favorite. Adoption 3 years agoOver 50% of crypto holders in Nigeria are in fact Bitcoin hodlers according to a research by Finders
Crypto-loving Nigeria to launch eNaira stablecoin today Adoption 3 years agoAfter postponing the launch of the โeNairaโ indefinitely, Nigeriaโs central bank has now announced that it would launch the CBDC project today.
Nigeria suspends launch of ambitious e-naira project Regulation 3 years agoThe apex bank of Nigeria has announced the postponement of the launch of the countryโs CBDC project, eNaira.
Crypto-loving Nigeria begins eNaira CBDC project Adoption 3 years agoNigeriaโs central bank has announced plans of its eNaira project in partnership with a crypto firm.
Emerging markets like Nigeria, Kenya led 880% global crypto growth in 2021 Adoption 3 years agoData on global cryptocurrency adoption reveals growing interest from residents of emerging countries as they are willing to enter the space.
Nigeria moved $40 million via peer-to-peer Bitcoin (BTC) trades last month Adoption 3 years agoData from UsefulTulips have shown that Nigerians, using the P2P trading method traded almost $40 million BTC
Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging Adoption 3 years agoAvailable information has shown that Nigeria has recorded tremendous growth in its crypto P2P trade volume despite the imposed restrictions on the sector by the government.
Currency devaluation in Nigeria is driving a crypto boom in the country Adoption 3 years agoLoss of faith in the naira is prompting locals to turn to crypto.
Nigerian central bank does a U-turn on Bitcoin ban, saying they now “allow” it Trading 3 years agoThe Governor of the Nigerian Central Bank changes his mind on restricting cryptocurrency trading. Some say he had little choice but to "allow" it.
Binance drops Nigerian naira from P2P platform amid forex manipulation concerns Exchanges 3 months ago