CBN

Supreme Court says old Naira notes remain legal tender till Dec. 2023

In its latest ruling, Nigeria's Supreme Court says that the old ₦200, ₦500 and ₦1000 notes are still legal tender and should remain in circulation until Dec. 2023.

CBN never said buying dollars in Nigeria was illegal, in the first place

Although the CBN has said and done a lot to curtail the circulation of dollars in Nigeria, the July 19 MPC meeting wasn't one of those days.

CBN to introduce USSD code to boost eNaira

The Central Bank of Nigeria will introduce an Unstructured Supplementary (USSD) code to improve the Central Bank Digital Currency (CBDC).

CBN sanctions banks for shielding crypto transactions in Nigeria

The Central Bank of Nigeria (CBN) has fined some commercial banks for failing to comply with regulations that bar customers from transacting in cryptocurrencies.

What impact could Risevest court ruling have on Nigeria's tech ecosystem

The Federal High Court in Abuja has made a ruling in favour of Risevest, what impact could this have on Nigeria's tech ecosystem?

Explainer—Was Executive Order No. 5 breached in awarding the eNaira to Bitt Inc?

The EO5 directed that foreign companies with demonstrated and verifiable plans for indigenous capacity development can be awarded contracts when local professionals are lacking expertise

CBN's new digital coin to run on closed blockchain

The CBN's new digital currency will run on Hyperledger Fabric Blockchain, a permissioned ledger that grants the apex regulator exclusivity and altering power.