Project Giant: Nigeria’s CBDC set for pilot rollout on Independence Day

After four years of development, the Central Bank of Nigeria (CBN) is set to roll out its digital currency project. The launch will reportedly happen on the occasion of the country’s 61st Independence Day celebration on Oct. 1.

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Nigeria’s securities regulator establishes fintech unit to study crypto

In 2021, financial institutions operating in Nigeria have been the lever of a government crackdown on cryptocurrencies, beginning with February’s notorious central bank ban on lenders providing services to crypto exchanges in the country.

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Nigeria’s central bank issues draft guidelines on eNaira CBDC project

The Central Bank of Nigeria (CBN) has issued preliminary guidelines for its proposed eNaira digital currency.
In a sensitization document sent to commercial banks in the country, the CBN outlined several design features of the central bank digital currency (CBDC).

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Emerging markets like Nigeria, Kenya led 880% global crypto growth in 2021 | CryptoSlate

In an effort to measure grassroots cryptocurrency adoption amid the massive growth seen in the crypto market over the year due to traction from industries, the just-published report of on-chain research firm Chainalysis has revealed a surge of over 880% in global adoption majorly driven by peer-to-p

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Nigeria moved $40 million via peer-to-peer Bitcoin (BTC) trades last month | CryptoSlate

Data on Bitcoin peer-to-peer trading has shown that nearly $40 million worth of the leading digital asset was moved in the last 30 days by Nigerian Bitcoin users
This figure is in line with those the African country had recorded since her government banned financial institutions from providing thei

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