cryptocurrency

eNaira Review: what is eNaira and how will the Nigerian digital currency work?

The Nigerian government has concluded plans to issue its own digital currency. And understandably, this has left many Nigerians asking questions such as is Nigeria launching its own Bitcoin? Is the Naira going to be as valuable as the dollar? Are we now going to save our Naira on crypto exchanges?” In this explainer, we’ll …

eNaira Review: what is eNaira and how will the Nigerian digital currency work? Read More »

CBN Insists Dealing in Cryptocurrency is Prohibited in Nigeria

The Central Bank of Nigeria (CBN) has prohibited the use of cryptocurrencies within the country warning members of the public of the risks associated with transactions in virtual currencies. In a circular dated February 5, 2021, the CBN further directed Banks and other financial institutions to identify persons and entities transacting in cryptocurrency exchanges within …

CBN Insists Dealing in Cryptocurrency is Prohibited in Nigeria Read More »