Central Bank of Nigeria upgrades eNaira with NFC feature
A deputy director with the bank said the CBN has introduced Near Field Communication (NFC) technology to enable contactless payments with the eNaira.
Sam Adeyemo
Uganda’s parliament is working on a bill to regulate virtual assets
The East African country is now looking to provide regulatory clarity for virtual assets and cryptocurrencies after initial hostilities.
Diaspora remittances can now be received in naira — CBN
The move is the latest in a series of policies implemented by Nigeria’s new administration.
Sega makes U-turn, pulls back from blockchain gaming
The company, otherwise regarded as one of the top advocates for blockchain gaming is now being cautious to not devalue its franchise
Ripple Labs exploring real-world use cases of CBDCs and stablecoins
The company has proposed a system to tokenize real estate assets and use them as collateral for loans.
25 of 130 countries exploring CBDCs are in Africa — Report
Nigeria is still the only country in Africa to have launched a CBDC while others are cautiously progressing.
Nigeria’s new economic reforms an opportunity to achieve growth — World Bank
However, the bank advised that measures must be put in place to protect low-income households.