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Kingsley Obiora

Nigerian CBDC Still Not Widely Used a Year After Launch

Nigerian CBDC Still Not Widely Used a Year After LaunchOn October 25, Nigeria commemorated the first anniversary of the Central Bank of Nigeria’s e-naira, even as more residents continue to snub the digital currency. In a move aimed at boosting the use of the CBDC, the central bank is offering a 5% discount to motorized rickshaw drivers and passengers that use the e-naira. Kingsley […]

‘One of the Most Powerful Patterns in All of Crypto’: Raoul Pal Says Ethereum Signaling Very Big Move Ahead

Nigerian Central Bank Slashes CBDC Transaction Fees by 50%

Nigerian Central Bank Slashes CBDC Transaction Fees by 50%The Central Bank of Nigeria has said it is slashing transaction fees for the e-naira platform by 50% — a move which the bank claims will increase the volume of transactions on the central bank digital currency (CBDC) platform. The central bank also believes that wider adoption of the CBDC will bolster Nigeria’s cross-border trade […]

‘One of the Most Powerful Patterns in All of Crypto’: Raoul Pal Says Ethereum Signaling Very Big Move Ahead

Report: Kenyan and Nigerian Central Bankers Attack Cryptocurrencies but Endorse CBDCs

Report: Kenyan and Nigerian Central Bankers Attack Cryptocurrencies but Endorse CBDCsCryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencies also pose a risk to financial stability. Narrowing the Financial Exclusion Gap The Nigerian and Kenyan central bankers have said cryptocurrencies are too volatile to […]

‘One of the Most Powerful Patterns in All of Crypto’: Raoul Pal Says Ethereum Signaling Very Big Move Ahead