The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said the 85 per cent financial inclusion target appears feasible with the mainstreaming of eNaira, which has continued to attract positive interest.
Blockchain and Crypto Specialist at PwC UK, Haydn Jones, says the success of eNaira, Nigeria’s central bank digital currency (CBDC) launched in the last quarter of last year, will inspire similar projects, especially among countries with low financial inclusion.
As central banks explore blockchain opportunities to deepen, advance and reform payment systems, the International Monetary Fund (IMF) admitted a widespread adoption
The International Telecommunication Union (ITU) has begun a global process to standardise the use of crypto-currency, stablecoins and central bank digital currencies (CBDCs).
30 Oct 2021
Despite the glitz with which President Muhammadu Buhari launched Nigeria’s digital currency, eNaira, last Monday, indications have emerged that Nigerians have not embraced the use of the currency.....
29 Oct 2021
Stakeholders including the Lagos Chamber of Commerce and Industry (LCCI) and Prof. Lauren Cohen, L. E Simmons, a Professor of Business Administration, Harvard Business School, United States of America, among others, yesterday, listed recommendations...
28 Oct 2021
Nigeria’s hydra-headed challenges including smartphone affordability, network hitches and low awareness appear to weaken the adoption of eNaira in the country.
26 Oct 2021
At exactly 1:00 p.m., yesterday, Nigeria’s Central Bank Digital Currency (CBDC), the eNaira, went live after it was launched by President Muhammadu Buhari at the State House in Abuja.
31 Aug 2021
The Central Bank of Nigeria (CBN) has engaged a Barbados-based digital financial technology firm, Bitt Inc, as technical partner for its e-Naira project due for unveiling before the end of the year.
14 Jun 2021
Central Banks in the world were actively against the use of cryptocurrency from its inception. Recent developments show that most central banks now see the need to drive their traditional fiat currencies from physical to digital, thereby creating a digital form of currencies like Dollar, Naira, Pound, Euro, Rand, etc. “We are committed and I…