Nigeria’s upcoming cryptocurrency tax may be a strategic response to economic pressures. Will this initiative enhance revenue ...
The implementation of Central Bank Digital Currencies isn‘t just about money. It also is about personal freedom and how CBDCs ...
Lending his voice to the flaws of the eNaira launched by the federal government years ago, Oyekan, highlighted security and usability as factors that affected the initiative. “Nigeria’s launch ...
Unlike the eNaira, which is directly controlled by the Central Bank of Nigeria (CBN), cNGN is privately issued by a consortium of Nigerian banks and fintech companies, following regulatory guidelines.
In October of that year, Nigeria launched eNaira, the first African CBDC. As of March 2024, the Central Bank teamed up with Gluwa to drive the adoption of the eNaira using blockchain technology for ...