In Nigeria, a project is underway to bring forth the first digital currency for the African country. The central bank digital currency (CBDC) features a centralized distributed ledger technology ...

Nigeria has launched a digital currency which the Central Bank of Nigeria says is a "major step forward in the evolution of money” in Africa’s most populous country. President Muhammadu Buhari ...

The currency fell by about 30% down to 280 naira per dollar that day, compared to the pegged rate of 197-198 per dollar. However, one month later, it looks like Nigeria's currency isn't actually ...

Abuja, Nigeria — The Central Bank of Nigeria (CBN) is planning on replacing its naira currency to reduce excess cash, inflation and crime. Although the currency could be in circulation as early ...

Nigeria restricts ATM withdrawals to $45 per day in push to digital currency Nigeria's economy is heavily dependent on the so-called informal sector. By Bradford Betz Fox News.

Nigerian President Muhammudu Buhari is not new to wrestling with the naira. When he led Nigeria in the 1980s, he refused to devalue the currency as part of an IMF restructuring plan. Soon ...