cbn News

The Central Bank of Nigeria (CBN) is moving forward with its central bank digital currency project (CBDC) project, as the CBN will launch a digital naira pilot program later in October 2021. Nigeria Progresses With Digital Naira Initiative  According to…

It’s an aggressive strategy, but one that many Nigerians believe will ultimately end up failing. The Central Bank of Nigeria has announced a ban on using traditional banking structures to buy, sell or trade cryptocurrencies within the country. A Feb.…

The Central Bank of Nigeria (CBN) has informed banks and commercial institutions to stop processing cryptocurrency transactions. This represents a significant blow for the county that has the largest bitcoin market in Africa.  CBN Prohibits Crypto Trading The apex bank…