eNaira News

Regulators are being urged to take action against Binance and other exchanges, such as KuCoin and Bybit, in a bid to prevent further manipulation of the Naira.

A consortium of Nigerian banks, fintechs and blockchain companies is developing the first regulated Naira stablecoin, cNGN. The new stablecoin cNGN will be a consortium-based compliant and regulated Naira stablecoin. cNGN will be pegged 1:1 to NGN, but unlike previous…

The Central Bank of Nigeria expressed the local CBDC, the eNaira, stating it's not a threat to the nation's financial stability.

To keep abreast with an increasingly digital world, countries are now moving to digitize their monetary systems by introducing a Central Bank Digital Currency (CBDC). According to the IMF, more than 100 countries are looking into developing CBDCs. What Is…