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.
Ghana
‘Cryptocurrency ban still in effect’ Ghana’s finance ministry
All financial institutions in the country have received fresh instructions to refrain from engaging in crypto-related activities.
Nigeria shows the highest crypto interest in Africa — CoinGecko study
Nigeria was previously ranked as the most crypto-curious country in the world.
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.
Institutes urge Ghana's government to utilize blockchain technology
The organizations advised the government to deploy blockchain technology to reduce corruption, conduct elections and reduce financial leakage.
Ghana’s economy shows signs of improvement, but debt restructuring is crucial — IMF
The global lender reiterated that the country needs to restructure its debt profile to fully enjoy the benefits of the IMF’s bailout.
Sub-Saharan African currencies have plunged 8% in one year amidst soaring public debts and global uncertainties: IMF
The depreciation has contributed to rising inflation in the region. Notably, inflationary pressures do not decline when local currencies strengthen against the US dollar, IMF says.