Economic analysts and crypto enthusiasts are raising concerns following Nigeria's ban on end-to-end transactions — a type of payment processing — involving its currency, the naira, on the ...

Nigeria will soon begin restricting ATM withdrawals to just $45 per day as part of a push to move the country toward a cashless economy. The policy – which will also apply to banks and cashback ...

“Nigeria has become the first country in Africa, and one of the first in the world to introduce a digital currency to her citizens,” President Muhammadu Buhari said in televised speech at the ...

Earlier this week, the Central Bank of Nigeria raised the country's interest rate to a record high, in an attempt to curtail currency speculation, and devalued its currency, the Naira, by around 8 ...

The currency swap initiative launched by the Central Bank of Nigeria (CBN) ahead of the 2023 general elections had profound implications on the electoral process and the broader socio-political ...

However, the former boss of Nigeria’s Zenith Bank, appointed in 2014 to oversee the Central Bank of Nigeria (CBN), has continued to press ahead with another flagship project: the e-naira. Launched in ...