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eNaira Not Threat To Financial Stability – CBN

eNaira Not Threat To Financial Stability – CBN

The Central Bank of Nigeria (CBN) has debunked claims that the Central Bank Digital Currency (CBDC), the eNaira, is a threat to the nation’s financial stability. In a statement released on Monday, October 9, 2023,…

IMF: ENaira Adoption Is Disappointedly Low

IMF: ENaira Adoption Is Disappointedly Low

The public adoption of the eNaira has been characterized as unbelievably low by the International Monetary Fund (IMF). The Bretton Woods organization recently published a working paper titled “Nigeria’s eNaira, One Year After” that detailed…

eNaira: One year on, sensitisation campaigns gather pace

eNaira: One year on, sensitisation campaigns gather pace

One year after the Central Bank of Nigeria (CBN) unveiled the eNaira, the apex bank is stepping up efforts to raise awareness about the benefits of the digital currency, writes Tony Chukwunyem It was exactly…

IMF: eNaira, others may reduce power needs for digital payments

IMF: eNaira, others may reduce power needs for digital payments

Central Bank Digital Currency (CBDC), such as the eNaira, have the potential to reduce the power needs for digital payments and may even be more energy efficient than the credit card networks now widely used,…

AfCFTA: Adoption of eNaira as driving force

AfCFTA: Adoption of eNaira as driving force

Recently, Nigeria adopted the Central Bank’s Digital Currency (CBDC) otherwise known as eNaira in supporting blockchain technology innovation. For the feat, the Manufacturers Association of Nigeria (MAN) and other private sector operators agree that the…

eNaira wallet back on Playstore after 24 hours

eNaira wallet back on Playstore after 24 hours

The eNaira wallet has returned to Google Playstore after Wednesday’s disappearance. The version of the app on Google Playstore for Android users went missing 48 hours after its launch on Wednesday, October 27. The Central…