The flawed launch of Nigeria’s eNaira holds lessons for other African central bank digital currency projects.
Africa
Latest articles from Nigeria
Double whammy hurts Nigerian banks’ ROE
October 15, 2021Access Bank, the country’s largest lender by total assets, saw ROE fall from 16% in 2019 to 14.1% in 2020.
First Bank Nigeria bucks trend by increasing Tier 1 capital
September 1, 2021Nigeria’s banks have had a tough year, as the economy hit a two-decade low.
Financial services FDI to South Africa surges despite pandemic
March 22, 2021Total financial services capital investment into South Africa rose 41% last year, while Nigeria saw a 57% drop.
Nigeria’s central bank clamps down on cryptocurrencies
February 18, 2021CBN’s effort to force financial institutions to close cryptocurrency accounts has sparked angry backlash.
Nigeria’s fintech scene booms despite economic woes
December 11, 2020Investment surges as start-ups seek to tap 40% of country still unbanked amid rising internet use.
Nigeria’s banks grapple with Covid-19 and oil price slump
November 27, 2020Lenders' profitability set to weaken on the back of higher impairments and lower net interest margins.
Jaiz Bank CEO on reaching Nigeria's unbanked citizens
September 7, 2020There's overlap between Islamic finance and the UN SDGs, says managing director Hassan Usman.
FirstBank CEO views Nigeria future with optimism
March 6, 2020The CEO of First Bank of Nigeria talks about the outlook for consolidation in the country's banking sector, and whether payment service lenders present a threat.
Central bank governor seeks to keep Nigeria on steady path
November 1, 2019Nigeria’s central bank governor discusses moves to encourage greater private sector lending and a push towards a cashless economy.
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