Tag: eNaira
eNaira usage in Nigeria rises as cash circulation declines
©Reuters. ABUJA – The Central Bank of Nigeria (CBN) has reported a significant increase in the usage of its digital currency, eNaira, with transaction volumes seeing an increase of 284.6%…
eNaira in difficulty in Nigeria: would bitcoin be ready to take over from the populations?
Shortage of new tickets – THE Nigeria decided to set up its central bank digital currency despite the clear signs of discontent among its people. Abuja authorities continue to move…
eNaira: Nigeria Restricts Cash to Promote CBDC
The Central Bank of Nigeria is restricting cash withdrawals from ATMs in order to encourage public acceptance of the digital central bank currency eNaira. Source: BTC ECHO The post…
IMF vs. e-Naira: Nigeria facing withdrawal of funds?
The started on October 25, 2021 first publicly available central bank digital currency in the world, not in China or Sweden, but in Nigeria. The state-secured payment method e-Naira, which…
Nigeria launches eNaira, digital version of its currency
A wad of naira. AFOLABI SOTUNDE / REUTERS Nigeria will unveil on Monday, October 25 a digital version of its currency, the eNaira, whose launch scheduled for early October had…