The Central Bank of Nigeria (CBN) has been in the headlines for its anti-cryptocurrency measures. However, the institution has taken huge steps over investment and research of cryptocurrency and blockchain technology. The authorities have set a clear date for the pilot scheme of its blockchain-powered central bank digital currency (CBDC). On October 1, the Central Bank of Nigeria will launch a pilot scheme for “GIANT” – a CBDC project in development since 2017, which runs on the open-source blockchain Hyperledger Fabric.