The much awaited Nigeria’s central bank digital currency (CBDC), the eNaira, on Monday formally becomes a legal tender of transaction following its formal launch by President Muhammadu Buhari at the State House in Abuja. In his opening remarks at the event, the President commended the apex bank’s board and management for their efforts towards ensuring […]
President Muhammadu Buhari is billed to perform the unveiling of Nigeria’s digital currency known as the eNaira on Monday, 25 October at the State House, Abuja The Central Bank of Nigeria’s (CBN’s) Director, Corporate Communications Department, Osita Nwanisobi, who made the announcement in a statement, indicated that the launch of the eNaira was a culmination […]
The Central Bank of Nigeria (CBN) has assured Nigerians and other would-be users that the eNaira, Nigeria’s soon-to-be-launched digital currency, can be used by the government for direct payments to citizens eligible for specific welfare programmes. The apex bank, in a document titled ‘Design Paper for the eNaira’, indicated that the digital currency would make it […]
The Central Bank of Nigeria (CBN) has announced the engagement of Barbados-based global fintech company, Bitt Inc., as technical partner for Nigeria’s digital currency – eNaira – project. The apex bank’s Director, Corporate Communications, Mr. Osita Nwanisobi, made this disclosure in a statement on Monday, stating that the Central Bank Governor, Mr. Godwin Emefiele, gave […]