Nigeria to Launch Digital Currency on Monday, Central Bank Says

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Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said the eNaira would operate as a wallet against which customers can hold existing funds in their bank account.

“The eNaira therefore marks a major step forward in the evolution of money and the CBN is committed in ensuring that the eNaira, like the physical Naira, is accessible by everyone,” the bank said in a statement.

Nigeria has named Barbados-based Bitt Inc as a technical partner in developing the eNaira.

For a look at all of today’s economic events, check out our economic calendar.

(Reporting by Camillus Eboh, Writing by MacDonald Dzirutwe)



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