In October 2021, the Nigerian government launched the eNaira, which is otherwise termed as Africa’s first digital currency. According to the Nigerian government under former president, Muhammadu ...

The eNaira offers several benefits which includes faster and cheaper payments, increased financial inclusion, and reduced fraud, amongst others. “The CBN shall sustain efforts in enhancing the ...

The value of eNaira in circulation rose by 302 per cent in nine months to N10.26 billion at the end of September reflecting increased adoption of Africa’s Central Bank Digital currency.

The Central Bank of Nigeria, CBN, has rubbished claims that its eNaira is a threat to financial stability in the country. The apex bank was reacting to reports suggesting that the digital currency ...

The eNaira, in my view, would need to get past certain challenges before it can be widely adopted domestically. These challenges include absence of technology infrastructure, ...

But its disastrous rollout of its cryptocurrency eNaira has left the coin laguishing. eNaira: Nigeria's Much Heralded Cryptocurrency is Floundering Skip to content ...

The Central Bank of Nigeria (CBN) has taken the sensitisation drive of eNaira to women during the Law Ladies Day programme at the University of Lagos (UNILAG). The initiative was to further ...

Nigeria’s eNaira central bank digital currency (CBDC) is over a year old, and the International Monetary Fund (IMF) has a late birthday present for it in the form of a working paper assessing ...

This paper reflects on the first year of the eNaira—the first CBDC in Africa. Despite the laudable undisrupted operation for the first full year, the CBDC project has not yet moved beyond the initial ...

By last August, the eNaira was used to carry out transactions worth 4 billion naira ($9.3 million). Comparatively, in 2020, Nigerians conducted $26 billion worth of ATM transactions.