Naira News

Gambaryan’s next hearing is set for Sept. 4, where the judge will consider the executive’s latest motion for bail.

Nigeria may seek a $10 billion fine from Binance as retribution as the country believes they “really messed up” the local economy.

Senior Binance execs Tigran Gambaryan and Nadeem Anjarwalla have been detained at a government property since Feb. 26.

The pioneering African CBDC has few users, but creating credit histories for them will promote financial inclusion.

Binance will suspend all services involving the Nigerian naira later this week after facing issues with local financial regulators.

The world’s second-ever CBDC has yet to reach 1% of Nigeria’s population, according to the IMF assessment.

The Supreme Court of Nigeria says no to redesigning the naira, ruling that the old banknotes will remain in circulation.

The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions.

Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector.

The CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC.