The Central Bank of Nigeria (CBN) is enabling consumers and merchants to use their smartphone to make and receive contactless in-store and P2P payments with the country’s eNaira central bank digital currency (CBDC) using NFC, even if they are offline, according to local media reports... More
The Central Bank of Nigeria (CBN) is restricting the amount of cash that consumers and businesses can withdraw from ATMs to 20,000 naira (US$45) per day and 100,000 naira (US$225) per week... More
The Central Bank of Nigeria (CBN) is to enable consumers without smartphones to make transactions with the country’s eNaira central bank digital currency (CBDC) on devices such as feature phones using unstructured supplementary service data (USSD) codes that work in a similar way to SMS messages... More
More than 488,000 consumers in Nigeria have downloaded an eNaira digital wallet and conducted transactions worth a total of 62m naira (US$151,000) in the country’s central bank digital currency (CBDC) since its launch in October, according to a Central Bank of Nigeria (CBN) spokesman... More