President Buhari unveils the eNaira digital currency

President Muhammadu Buhari today Monday, October 25, unveiled the Central Bank Digital Currency(CBDC), known as eNaira at the Presidential Villa, Abuja.

Vice President, Yemi Osibanjo; Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele; Attorney General of the Federation, Abubakar Malami; among others were present at the occasion.

Nigeria’s banking community, Fintech operators, merchants and a cross-section of other stakeholders were involved in the design of this digital currency.

The digital currency was billed to be unveiled on October 1 but was shifted due to activities on Independence Day.

“The Nigerian Central Bank Digital Currency is among the first in the world and thus authorities have put measures in place to deal with any issues that might arise from the pilot implementation of the eNaira, whose theme is Same Naira, More Possibilities,” said Osita Nwanisobi, Director, Corporate Communication, Central Bank of Nigeria

 

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