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Tag: Central Bank of Nigeria

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

August 23, 2022 wp-bot Bitcoin News

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

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Nigerian Central Bank Told to Consider Floating the Naira, Recent Interest Rate Hike Slammed

August 2, 2022 wp-bot Bitcoin News

The Central Bank of Nigeria should be discontinuing the fixed exchange rate system and let the naira freely float against the major currencies, Alhaji Aminu

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Nigerian Lenders Frustrating CBDC’s Adoption — Central Bank Governor

July 21, 2022 wp-bot Bitcoin News

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

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Nigerian Central Bank Governor Says Fintechs and Cryptos Change the Way Financial Systems Function

July 19, 2022 wp-bot Bitcoin News

The Nigerian central bank governor and bitcoin critic, Godwin Emefiele, recently remarked that the rise of fintechs and cryptocurrencies among other technologies have forced banks

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Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation

July 7, 2022 wp-bot Bitcoin News

The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced

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Organizer of Binance-Sponsored Crypto Tour Says Campaign Was Successful, Denies Reports of Arrest

June 17, 2022 wp-bot Bitcoin News, Blockchain

A crypto enthusiast and organizer of the Binance-sponsored Blockchain and Cryptocurrency Awareness Tour (BCAT) recently held in Nigeria, has rejected reports he was arrested by

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