eNaira

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Nigeria’s Central Bank digital currency (CBDC) has been extended to feature phone users with the unveiling of the eNaira USSD channel. The channel would enable subscribers to cash in and out of the eNaira platform using USSD, an…

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The Central Bank of Nigeria (CBN) has stepped up its campaign on eNaira, Nigeria’s digital currency, as it said it will before the end of May, introduce payment of bills on the wallets. Speaking at a sensitisation campaign on the eNaira…

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The potential expansion of the use of the eNaira to cross-border fund transfers and agency bank networks could lead to new money-laundering and terrorism financing risks. This was disclosed in the International Monetary Fund’s ‘Nigeria…

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The Central Bank of Nigeria has stated that the eNaira’s fourth phase will lead to offline and cross-border payment solutions. This was disclosed by the Director, Information Technology Department, CBN, Mrs Rakiya Mohammed, at the…

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The Central Bank of Nigeria (CBN) has appointed an international fintech firm, Bitt Inc., as the Technical Partner for its digital currency, dubbed eNaira, which would be presented later this year. This was disclosed on the…