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” Naira redesign no more: President’s directive canned by Nigerian supreme court “ The supreme court of Nigeria has ruled that the old N200, N500, and N1,000 naira notes remain in circulation till Dec. 31, 2023, effectively nullifying the naira redesign previously announced by Nigerian President Muhammadu Buhari. The introduction of redesign sought to phase…
” Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC “ Own this piece of crypto history If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites. For forums sites go to…
” Nigeria upgrades CBDC as crypto restrictions cripple fintech industry “ The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining harsh crypto restrictions that cripple the country’s fintech sector….
“# Nigeria’s central bank issues draft guidelines on eNaira CBDC project ” The Central Bank of Nigeria (CBN) has issued preliminary guidelines for its proposed eNaira digital currency. In a sensitization document sent to commercial banks in the country, the CBN outlined several design features of the central bank digital currency (CBDC). According to the…