CBN Set to Expand eNaira for Government Payments and MDA Transactions

The Central Bank of Nigeria (CBN) has announced plans to expand the use of its digital currency, eNaira, to facilitate payments into government accounts and streamline transactions for Ministries, Departments, and Agencies (MDAs). This initiative will enable MDAs to manage vendor and beneficiary payments using the eNaira, marking a significant step toward integrating digital currency…

Binance Outlines Conditions Before Registering Under Nigeria’s SEC Crypto Program

Binance, the global cryptocurrency trading platform, has identified two key conditions that must be fulfilled before it can consider registering under the Nigerian Securities and Exchange Commission’s (SEC) special framework program for Virtual Asset Service Providers (VASPs). This program is designed to regulate crypto platforms operating in Nigeria. Binance’s stance comes in response to the…