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As Nigeria Launches E-Naira, Experts Raises Concern.

After the launch of the much anticipated digital currency, e-Naira, which is the first of its kind in Africa, a social justice expert has raised concerns. President Muhammadu Buhari launched the e-Naira on Monday in the Presidential Villa, Abuja. He said that the Central Bank Digital Currency (CBDC) and its underlying technology, called blockchain, has the ability to improve Nigeria’s Gross Domestic Product, GDP, by $29 billion over the next […]

todayOctober 27, 2021 5


BREAKING: Buhari Launches CBN’s E-naira

President Muhammadu Buhari will unveil the Central Bank Digital Currency (CBDC), known as the eNaira, today at the State House, Abuja. The Central Bank of Nigeria (CBN) had in February barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies, warning of “severe regulatory sanctions” and freezing accounts of firms it said are using them. CBN Governor Godwin Emefiele has said the eNaira would operate as a […]

todayOctober 25, 2021 12