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The Central Bank of Nigeria has established a stablecoin task force, and the eNaira project is facing an existential crisis
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced after the conclusion of the annual meetings of the World Bank and international monetary funds in Washington that the central bank has formed a dedicated working group in collaboration with the Ministry of Finance and other financial regulators to assess the framework and implications of launching an official Nigerian stablecoin. According to IMF 2023 data, the central bank's eNaira was adopted by only 0.5% of Nigerian...
2025-10-22 15:54:32
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