eNaira

By Quadri Adejumo  In October 2021, Nigeria became the first African country and the second universally to launch a Central Bank Digital Currency (CBDC), the eNaira. Unlike cryptocurrencies, the eNaira’s value is fixed by the Central…
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The Central Bank of Nigeria (CBN), has assured Nigerians that its digital currency, eNaira posed no threat to financial stability. The Director, Corporate Communications Department of CBN, Dr Isa AbdulMumin said this on Monday in…
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Economic Confidential, a publication of Image Merchants Promotions Limited (IMPR), is set to host its first public lecture as part of efforts to encourage discussions around the country's economic future in a political transition period.…
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The Central Bank of Nigeria (CBN) has reacted to the comment of the Minister of Finance, Budget and National Planning, Zainab Ahmad in the ongoing process of redesigning three series of the Naira, the Bank insists it followed the law and…
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The Central Bank of Nigeria (CBN), has unveiled activities to mark the first anniversary of its digital currency, the eNaira. The News Agency of Nigeria (NAN), reports that the eNaira, which is Africa’s first Central Bank Digital Currency…
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The Central Bank of Nigeria (CBN) has unveiled the Unstructured Supplementary Service Data (USSD) for its eNaira to enhance financial inclusion in the country. The CBN Governor, Godwin Emefiele said this during the inauguration of the…
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‘’With the theme “eNaira - Africa’s Gateway to a Digital Economy,” the hybrid hackathon will bring together teams of talented entrepreneurs, developers, designers, solution developers, problem-solvers, out-of-the-box thinkers, and code…
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The Central Bank of Nigeria’s eNaira website has gone live with the official launch on Monday, October, 25th. According to the website, www.enaira.com, “eNaira is a CB -issued digital currency that provides a unique form of money…
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Following the launch of the enaira by President Muhamadu Buhari, the application for the digital currency introduced by the CBN has become available for download, with more than 5000 downloads within hours of the launch. This is as the…
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President Muhammadu Buhari says the adoption of Central Bank Digital Currency(CBDC) can increase Nigeria’s Gross Domestic Product(GDP) by 29 billion dollars over the next 10 years. Buhari made this submission on Monday while performing…
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