Following the Central Bank of Nigeria's circular, a consortium of Nigerian banks, fintechs, and blockchain companies are developing a Naira stablecoin, cNGN, with sources close to the project stating ...

Nigeria’s central bank and the International Finance Corp. signed an agreement to facilitate local-currency financing, hoping to boost demand for naira while helping firms to avoid the 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 ...

The Nigerian naira is undervalued and expected to rally this year amid improvements in fiscal and monetary conditions, according to a member of the central bank’s monetary policy committee. The ...

After nearly three years of suspension, Nigerian banks have reactivated international transactions on their naira-denominated debit cards. ・Nigerian banks have resumed international transactions with ...

When news broke that Paxful will wind down operations by November 1, 2025, it shocked many Nigerian crypto traders. Paxful wasn’t just any platform — it was where millions of Nigerians bought, sold, ...

Domestic and global investors are scrambling for Nigerian assets amid renewed stability of the naira against the US dollar. Despite facing economic headwinds, the local currency has maintained a ...

Three commercial banks in Nigeria have announced the re-activation of international transactions on their naira cards. The development comes after the service was halted for about three years when ...

Financial experts and economists have explained why the United States of America’s president, Donald Trump’s designation of Nigeria as a Country of Particular Concern and threat to take military ...