- The Central Bank of Nigeria (CBN) has developed a guideline for cryptocurrency trading by Nigerian banks
- The development comes as a consortium of Nigerian banks and fintech firms partner to develop a new stablecoin
- The new stablecoin, cNGN, is backed by the Nigerian currency and designed to benefit token holders.
Pascal Oparada has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.
Following the lifting of the ban on Cryptocurrency trading in Nigeria by the Central Bank of Nigeria (CBN), Nigerian banks and financial technology companies are partnering to develop and manage a new stablecoin, cNGN, designed to benefit token holders and the Nigerian economy.
