According to reports, the digital currency platform has been sluggish as less than 0.5 per cent of Nigerians are using it after a year of its launch, despite discounts to encourage its adoption. But ...

The Nigerian Naira exhibited various response patterns amid the U.S dollar's weakening in the global market. The Naira has ...

The Central Bank of Nigeria (CBN) has said that Nigeria is still 60 years behind in terms of technology. It also said that the country is left behind in the issue of currency management, saying cash ...

The Central Bank of Nigeria has explained the economic importance of e-naira, a digital currency it promised to launch by the end of 2021. The Director, Information and Technology, CBN, Rakitya ...

When the All Progressives Congress (APC) presidential candidate, Asiwaju Bola Ahmed Tinubu made the famous ‘Emi Lokan’ (It is my turn) statement in Abeokuta, Ogun state capital, days before the ...

Fintech as a whole has been on the rise, with Nigerian firms raising $1.2 billion last year, making the country ripe for a forward-facing digital currency plan. In April 2023, touting its successes, ...

As the Central Bank of Nigeria continues to clear the outstanding FX backlog, the Naira continues to swing above and below the $1/₦1,000 band in both the parallel and official market, while the ...

A vendor holds outlawed banknotes rejected by traders at Awgbu market in Anambra State, southeast Nigeria, on February 17, 2023. - Nigeria has been struggling with a shortage of hard cash since the ...

ABUJA, Nov 16 (Reuters) - Nigeria's naira briefly slumped to a record low against the dollar in thin trading on the official market on Thursday, bringing the official exchange rate within touching ...