eNaira Archives - Web 3 Africa

Nigeria’s Crypto Renaissance: ASC’s cNGN Stablecoin Signals Progress in Web3

On January 4, the ASC officially announced the launch of the cNGN stablecoin scheduled for Tuesday, February 27, 2024. The success of the...

News January 13, 2024

CBDCs vs. Cryptocurrencies: Clash of the digital currency titans

Bitcoin was the first cryptocurrency adopted by an African nation as legal tender; Africa's first CBDC was Nigeria's eNaira. Even though the CAR...

News August 18, 2023

Impact of stablecoins and CBDCs to Africa’s digital economy

Nigeria, commonly known for its rapid growth in Africa's digital economy, was the first African country to roll out a CBDC, the eNaira....

News February 3, 2023

One year into Nigeria’s adoption of the eNaira

The eNaira has been crippled by low adoption, poor utility and the problems of the fiat Naira The CBDC was launched under the...

News November 3, 2022

Why Nigerians should be wary of Central Bank Digital Currencies

Nigerians need to be wary about the eNaira primarily because the bad and ugly sides outweigh the excellent side of this currency Unlike...

News May 22, 2022

Nigeria weaponizes the eNaira against crypto adoption

The eNaira upgrade will allow customers to do transactions such as paying for DSTV, electric bills, and paying for flight tickets Decentralization takes...

News May 11, 2022

Tag: eNaira