PricewaterhouseCoopers (PwC) has ranked the Central Bank of Nigeria’s (CBN) eNaira, and the Sand Dollar, issued by the Central Bank of the Bahama, as top retail central bank digital currency (CBDCs) projects globally. Retail CBDC projects are digital currencies designed for public use. PwC said this in its 2022 CBDC Global IndexContinue Reading
The International Monetary Fund has advised the Central Bank of Nigeria to anticipate the threats that eNaira may pose to the stability of the country’s financial and economic sector. Asides from this anticipate risk, the IMF also highlighted the benefits eNaira, especially for Nigerians in the diaspora, noting the lowContinue Reading
The central bank digital currency of Nigeria, the eNaira, is set to become active today. While the talks of central bank digital currencies have been on the table for a few years now, few countries actually took the steps to issue one. Nigeria, in turn, following extensive research and development,Continue Reading
The Central Bank of Nigeria’s eNaira website has gone live ahead of October 1 official launch. According to the website, www.enaira.com, “eNaira is a CB -issued digital currency that provides a unique form of money denominated in Naira.” The CBN stated that eNaira would serve as both a medium ofContinue Reading
The Central Bank of Nigeria (CBN), has formally announced global Fintech Company, Bitt Inc., as the Technical Partner for its digital currency, eNaira, which is billed for unveiling October 1, this year. The bank’s Director, Corporate Communications, Osita Nwanisobi, made this known in a statement on Monday in Lagos, butContinue Reading