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Buhari unveils the eNaira digital currency

Buhari unveils the eNaira digital currency

President Muhammadu Buhari on Monday, October 25, unveiled the Central Bank Digital Currency(CBDC), referred to as eNaira.

 

Buhari launched the nation’s digital forex on the Presidential Villa, Abuja.

 

The occasion had in attendance the Vice President, Yemi Osibanjo; Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele; Attorney General of the Federation, Abubakar Malami; amongst others.

 

Nigeria’s banking neighborhood, Fintech operators, retailers and a cross-section of different stakeholders have been concerned within the design of this digital forex.

 

 

Recall that the digital forex was billed to be unveiled on October 1 however was shifted on account of actions on Independence Day.

 

CBN famous that the launch of the digital forex is a significant step ahead within the evolution of cash. The financial institution vowed to make sure that the eNaira, just like the bodily Naira, is accessible by everybody, notably the unbanked in addition to these residing within the rural areas.

 

 

“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,” stated Osita Nwanisobi, Director, Corporate Communication, Central Bank of Nigeria.

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