In Nigeria, citizens have taken to the streets to protest the nation’s cash shortage, further objecting to their government’s implementation of a central bank digital currency (CBDC).

Central banks on every continent are experimenting with digital versions of their national currencies, but nowhere are the ...

The eNaira, Nigeria’s CBDC, is designed to advance financial inclusion, enhance payment system efficiency, and foster economic development.

Take, for instance, Liang’s response to questions about the incredibly low take-up rates of CBDCs in other countries, such as Nigeria. The Nigerian CBDC experience has been nothing short of a ...

Nigeria, Africa’s most populous country, introduced a central bank digital currency (CBDC), the eNaira, into its financial system in late 2021, an action that paved the way for different sets of ...

The number of CBDC users in Nigeria jumped by more than 12 times to 13 million since the introduction of eNaira in October 2021, according to Godwin Emefiele, governor of the Central Bank of Nigeria.

The Nigerian government has placed new restrictions and limits on the amount of cash citizens are able to withdraw from ATMs. The decision is seemingly an attempt to further push the country’s new ...

In Nigeria, citizens have taken to the streets to protest the nation’s cash shortage, further objecting to their government’s implementation of a central bank digital currency (CBDC). The ...

This is an opinion editorial by Heritage Falodun, a Bitcoin consultant and computer scientist based in Nigeria. Nigeria, Africa’s most populous country, introduced a central bank digital currency ...