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Podcasts

Weekend Story | Why Nigerians Aren't Turning to the eNaira Despite Crippling Cash Shortages

On today’s show we’re taking a closer look at how one African country’s CBDC experiment isn’t quite going as planned, courtesy of CoinDesk Regulatory Reporter Camomile Shumba.

Mar 5, 2023 at 11:00 a.m. UTC

Mar 5, 2023

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Nigeria wants to take advantage of the virtual economy (Emmanuel Ikwuegbu/Unsplash)

Policy

Crypto

Nigeria Picks Bola Tinubu as President Amid Cash Shortages

Tinubu will replace Muhammadu Buhari, whose government issued the eNaira and banned banks from interacting with crypto firms.

By Sandali Handagama Camomile Shumba

Mar 1, 2023 at 11:13 a.m. UTC

Mar 1, 2023

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Former U.S. Deputy National Security Advisor Daleep Singh

Policy

Regulations

Ex-Biden Adviser Said Administration Was Pushing for Digital Dollar

As the crypto industry awaits a U.S. government decision on whether to issue a central bank digital currency, a former economic official said it was working toward that end.

By Jesse Hamilton

Feb 28, 2023 at 11:22 p.m. UTC

Feb 28, 2023

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Select Committee Hears From The Bank Of England On the Costs And Benefits Of The UK's EU Membership

Policy

Regulations

DLT Not Efficient Enough to Power CBDCs: BOE’s Cunliffe

The Bank of England is experimenting with tokenizing assets for real estate sales as well as developing a digital pound, lawmakers were told.

By Jack Schickler

Feb 28, 2023 at 1:19 p.m. UTC

Feb 28, 2023

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Podcasts

The breakdown

Central Bankers Triumphantly Declare Fiat to Have Beaten Crypto

The industry responds to statements from the head of the Bank for International Settlements.

By Nathaniel Whittemore

Feb 26, 2023 at 2:00 p.m. UTC

Feb 26, 2023

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Nigerians form long queues at ATMs as cash shortages continue (TVC News)

Policy

Analysis

Why Nigerians Aren't Turning to the eNaira Despite Crippling Cash Shortages

A lack of infrastructure, merchants and interest may all be reasons why more people in the country aren't using the digital currency.

By Camomile Shumba

Feb 24, 2023 at 10:14 a.m. UTC

Feb 24, 2023

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2022 European Central Bank Forum On Central Banking

Policy

Regulations

2022 Events Cast 'Serious Doubts' on Stablecoins as Money: BIS Chief

Agustin Carstens, who has previously criticized stablecoins, said they do not benefit from the regulatory requirements and protections that apply to bank deposits.

By Sandali Handagama

Feb 22, 2023 at 7:35 a.m. UTC

Feb 22, 2023

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Policy

Regulations

Nigeria's Central Bank in Talks With Blockchain Platform R3 for CBDC Revamp: Bloomberg

The central bank wants full control of the eNaira, and is in early talks with blockchain platform R3 to develop a new system to support the digital currency, according to the report.

By Sandali Handagama

Feb 21, 2023 at 1:01 p.m. UTC

Feb 21, 2023

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